COMPETITION IN PRODUCT DESIGN: AN EXPERIMENT EXPLORING INNOVATION BEHAVIOR

ABSTRACT We experimentally investigate competition for innovations in a patent race scenario. Pairs of subjects compete as seller firms on a duopoly market, investing in risky search. Successful innovations resulting thereof are rewarded via temporary monopoly rents. Classifying investor types revea...

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Veröffentlicht in:	Metroeconomica 2009-11, Vol.60 (4), p.724-752
Hauptverfasser:	Cantner, Uwe, Güth, Werner, Nicklisch, Andreas, Weiland, Torsten
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Cash flow Competition Duopoly Industrial organization Innovations New products Product design Rent-seeking Research and development Studies
Online-Zugang:	Volltext
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