An empirical test of the asymmetric models on innovative activity: who invests more into R&D, the incumbent or the challenger?

Article Abstract:

A study is conducted to find whether the incumbent or the entrant invests more into R&D, using data of about 3500 German firms from 1992 and 1995 that explicitly asks firms for their motives in undertaking innovative activity. It is found that challengers invest more into R&D to enter a new market than the incumbents, and this supports the patent racing model by Reinganum.

Germany, Forecasts, trends, outlooks, Forecasts and trends, Company investment, Investments, Market trend/market analysis, Labor market, Labour market

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Network density and R&D spillovers

Article Abstract:

The impact of the structure and function of networks of firms on the overall innovativeness of the network are analyzed. The two main results obtained reveal that the marginal effect on innovativeness of spillover intensity is non-monotonic and the network density can affect innovativeness but only when there are heterogeneous firms.

Venture Analysis, Innovations, Finance, Business enterprises, Company financing

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The value-added of laboratory experiments for the study of institutions and common-pool resources

Article Abstract:

Impact of communication on behavior and outcomes studies of common-pool resource dilemmas is presented.

Management dynamics, Analysis, Management, Usage, Influence, Communication, Communications, Company business management, Institutional market, Common resources (Economics)

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