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Designing dynamic research contests
Benkert, Jean-Michel; Letina, Igor - 2019 - Revised version
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/10012052584
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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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Inducing variety: a theory of innovation contests
Letina, Igor; Schmutzler, Armin - 2019 - Revised version
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …
Persistent link: https://www.econbiz.de/10011993710
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Inducing variety : a theory of innovation contests
Letina, Igor; Schmutzler, Armin - 2017 - Revised version, June 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/10011667487
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The road not taken : competition and the R&D portfolio : conference paper
Letina, Igor - 2013
This paper develops an innovation model where firms choose which research paths to follow. Contrary to most of the … literature which focuses only on the level of investment in innovation, this model captures both the variety of research paths …
Persistent link: https://www.econbiz.de/10010340555
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Killer acquisitions and beyond: policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021 - This version: June 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/10012584096
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Killer acquisitions and beyond : policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020 - This version: August 2020
Persistent link: https://www.econbiz.de/10012265646
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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/10012438192
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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/10012165650
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Killer acquisitions and beyond : policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2023 - This version: July 2023
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a …, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect …
Persistent link: https://www.econbiz.de/10014308004