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Designing dynamic research contests
Benkert, Jean-Michel; Letina, Igor - 2019
This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal can stop the contest in any period, (ii) a constant...
Persistent link: https://www.econbiz.de/10012056815
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Designing dynamic research contests
Benkert, Jean-Michel; Letina, Igor - 2016
combine the best aspects of innovation races and research tournaments. …
Persistent link: https://www.econbiz.de/10011663194
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The road not taken: Competition and the R&D portfolio
Letina, Igor - 2014
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10011282467
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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
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The road not taken: Competition and the R&D portfolio
Letina, Igor - 2013
literature, which focuses only on the level of investment in innovation, this model captures both the variety of research …
Persistent link: https://www.econbiz.de/10010316823
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The road not taken: Competition and the R&D portfolio
Letina, Igor - 2015
This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...
Persistent link: https://www.econbiz.de/10011663162
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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
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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
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Start-up Acquisitions and Innovation Strategies
Schmutzler, Armin; Letina, Igor; Seibel, Regina - 2020
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory … innovations. Furthermore, it leads to strategic duplication of the entrant's innovation by the incumbent. These negative … innovation effects of restrictive acquisition policy have to be weighed against the pro-competitive effects of preserving …
Persistent link: https://www.econbiz.de/10012287919
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Start-up acquisitions and 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 apply this theory … innovations. Furthermore, it leads to strategic duplication of the entrant's innovation by the incumbent. These negative … innovation effects of restrictive acquisition policy have to be weighed against the pro-competitive effects of preserving …
Persistent link: https://www.econbiz.de/10012420702