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Inducing variety: A theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2019

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …

Persistent link: https://www.econbiz.de/10011993818

The relation between competition and innovation: Why is it such a mess?

Schmutzler, Armin - 2010

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....

Persistent link: https://www.econbiz.de/10010315513

Foreign direct investment and R&D offshoring

Gersbach, Hans; Schmutzler, Armin - 2006

We analyze a two-country model of Foreign Direct Investment (FDI). Two firms, each of which is originally situated in only one of the two countries, first decide whether to build a plant in the foreign country. Then, they decide whether to relocate R&D activities. Finally, they engage in...

Persistent link: https://www.econbiz.de/10010315533

Competition and innovation: An experimental investigation

Sacco, Dario; Schmutzler, Armin - 2008

The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms...

Persistent link: https://www.econbiz.de/10010315588

Inducing variety: A theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2017

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …

Persistent link: https://www.econbiz.de/10011784283

Killer acquisitions and beyond: Policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …

Persistent link: https://www.econbiz.de/10012284781

Killer acquisitions and beyond: Policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021

This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …

Persistent link: https://www.econbiz.de/10012588494

Research joint ventures: The role of financial constraints

Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2022

resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation tend to be profitable, but …

Persistent link: https://www.econbiz.de/10013285527

Killer acquisitions and beyond: Policy effects on innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021

Persistent link: https://www.econbiz.de/10012662673

Research joint ventures: The role of financial constraints

Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2023

resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak or external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation also increase consumer surplus and …

Persistent link: https://www.econbiz.de/10014333778