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http://hdl.handle.net/10125/71406
Collaborative Innovation (or Not?!) when Product Performance is Critical
Item Summary
Title: | Collaborative Innovation (or Not?!) when Product Performance is Critical |
Authors: | Weber, Thomas |
Keywords: | Strategy, Information, Technology, Economics, and Society (SITES) covid-19 patent race product commercialization research collaboration |
Date Issued: | 05 Jan 2021 |
Abstract: | Research and development (R&D) collaborations are horizontal agreements among firms to join forces in their inventive activities. As in the context of the recent COVID-19 global pandemic, such collaborations are often promoted with an argument of increased R&D productivity. In numerous contexts, especially when marginal production costs are low, such as for medications or for software, the consumers' surplus depends critically on the best-performing product available on the market, for -- all else equal -- this product will tend to take a dominant position. Using a simple two-stage model of innovation and subsequent product commercialization on a market with heterogeneous consumers, we show that a noncollaborative patent race with patent protection (for the best product) provides strong innovation incentives, leading to better performing products than a regime of either noncollaborative research without patent protection or collaborative research (with profit sharing). |
Pages/Duration: | 8 pages |
URI: | http://hdl.handle.net/10125/71406 |
ISBN: | 978-0-9981331-4-0 |
DOI: | 10.24251/HICSS.2021.786 |
Rights: | Attribution-NonCommercial-NoDerivatives 4.0 International https://creativecommons.org/licenses/by-nc-nd/4.0/ |
Appears in Collections: |
Strategy, Information, Technology, Economics, and Society (SITES) |
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