Competition and the negative expected social value of cost-reducing innovation

IF 0.7 4区经济学 Q3 ECONOMICS

Manchester School Pub Date : 2021-11-18 DOI:10.1111/manc.12388

Anzhou Zhang

引用次数: 0

Abstract

I study an R&D race among outside entities to a cost-reducing innovation of a certain magnitude and the subsequent patent licensing by the winner. The target is to study whether the expected social value of the innovation is positive or not. Sufficient conditions under which it is negative or positive are provided. I also find non-monotonic effects of the innovation's magnitude and the number of incumbent firms on the expected social value.

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竞争与降低成本创新的负预期社会价值

我研究了外部实体之间的研发竞赛，以达到一定规模的降低成本的创新，以及随后由获胜者获得的专利许可。目的是研究创新的预期社会价值是否为积极的。给出了它是否定的或肯定的充分条件。我还发现创新的规模和现有企业的数量对预期社会价值的非单调效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Manchester School ECONOMICS-

CiteScore

1.80

自引率

9.10%

发文量

期刊介绍： The Manchester School was first published more than seventy years ago and has become a distinguished, internationally recognised, general economics journal. The Manchester School publishes high-quality research covering all areas of the economics discipline, although the editors particularly encourage original contributions, or authoritative surveys, in the fields of microeconomics (including industrial organisation and game theory), macroeconomics, econometrics (both theory and applied) and labour economics.