The Economics of Innovation
Emerald Group Publishing, Jun 30, 2008 - Business & Economics - 252 pages
The book is a collection of original research papers by a number of industrial organization economists active in the field of Research and Development theory and policy. The contributions gathered here cover several relevant topics in this area; namely patent policy, the effects of market structure and the internal organization of the firm on R&D incentives and technical progress, R&D cooperation and technological spillovers, innovation and the entry process. Comprehensive views of the acquired knowledge of these topics are presented together with new insights on these issues, including policy insights wherever appropriate. The book is intended for professional researchers in industrial organization, antitrust officers, plus graduate students (at both Master and PhD level).
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analysis bargaining behavior competition conduct R&D consider consumer surplus contribute cost reduction Cournot Cournot competition Cournot duopoly deadweight loss differentiation duopoly duplication economies of scope farsighted firm’s fixed fee given grand coalition Hence incentive parameter investments in R&D Journal of Economics Kamien kmax KMZ model Lambertini licensing contract manager marginal cost maximize monopoly myopic Nash equilibrium nett newcomer newcomer’s non-drastic noncooperative R&D Northern firm offer oldtimer oligopoly optimal R&D patent enforcement patent protection payoff pooling contract post-innovation product differentiation product market production costs production quantities profits PROPOSITION R&D activity R&D cooperative R&D cost R&D effort R&D expenditures R&D game R&D investments R&D race research joint ventures result royalty social welfare socially optimal solution spillover rate stable coalitions subgame DD surplus symmetric symmetric equilibrium technological spillover trade secret University of Bologna values Zhang