重叠所有权和产品创新

IF 1.7 3区经济学 Q2 ECONOMICS

International Journal of Industrial Organization Pub Date : 2023-07-01 DOI:10.1016/j.ijindorg.2023.102980

Rune Stenbacka, Geert Van Moer

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引用次数: 0

摘要

我们描述了重叠所有权（OO）对剧烈产品创新投资的影响。创新的成功概率随着投资的增加而增加。我们分析了两种相反的力量：（1）OO促使企业内化为自己的成功侵蚀了竞争对手的业务，减少了投资；（2） OO缓和了产品市场的竞争，增加了投资。我们的分析表明，竞争软化效应通过刺激投资，可以诱导OO使消费者受益，尤其是当R&；D项目很复杂。我们还表明，现有技术提高了OO刺激创新投资所需的门槛。

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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Overlapping ownership and product innovation

We characterize the effect of overlapping ownership (OO) on investments in drastic product innovation. The success probability of innovation increases with investment. We analyse two opposing forces: (1) OO induces firms to internalize that success on their own behalf erodes the rivals’ business, reducing investments; (2) OO softens competition in the product market, enhancing investments. Our analysis reveals that the competition-softening effect, by stimulating investments, can induce OO to benefit consumers, in particular when the R&D projects are complex. We also show that an incumbent technology raises the threshold required for OO to stimulate investments in innovation.

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来源期刊

International Journal of Industrial Organization ECONOMICS-

CiteScore

2.50

自引率

6.70%

发文量

审稿时长

77 days

期刊介绍： The IJIO is an international venture that aims at full coverage of theoretical and empirical questions in industrial organization. This includes classic questions of strategic behavior and market structure. The journal also seeks to publish articles dealing with technological change, internal organization of firms, regulation, antitrust and productivity analysis. We recognize the need to allow for diversity of perspectives and research styles in industrial organization and we encourage submissions in theoretical work, empirical work, and case studies. The journal will also occasionally publish symposia on topical issues.