Collaborative Innovation (or Not?!) when Product Performance is Critical
Collaborative Innovation (or Not?!) when Product Performance is Critical
dc.contributor.author | Weber, Thomas | |
dc.date.accessioned | 2020-12-24T20:21:36Z | |
dc.date.available | 2020-12-24T20:21:36Z | |
dc.date.issued | 2021-01-05 | |
dc.description.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). | |
dc.format.extent | 8 pages | |
dc.identifier.doi | 10.24251/HICSS.2021.786 | |
dc.identifier.isbn | 978-0-9981331-4-0 | |
dc.identifier.uri | http://hdl.handle.net/10125/71406 | |
dc.language.iso | English | |
dc.relation.ispartof | Proceedings of the 54th Hawaii International Conference on System Sciences | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
dc.subject | Strategy, Information, Technology, Economics, and Society (SITES) | |
dc.subject | covid-19 | |
dc.subject | patent race | |
dc.subject | product commercialization | |
dc.subject | research collaboration | |
dc.title | Collaborative Innovation (or Not?!) when Product Performance is Critical | |
prism.startingpage | 6535 |
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