R&D Investment, Market Structure, and Industry Growth
نویسندگان
چکیده
منابع مشابه
The Effects of Market Structure on Industry Growth
We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and industry dynamics in addition to the usual static interaction. These effects are the static market externali...
متن کاملEndogenous R&D Investment and Market Structure: A Case Study of the Agricultural Biotechnology Industry
Over the past three decades, the agricultural biotechnology sector has been characterized by rapid innovation, market consolidation, and a more exhaustive definition of property rights. The industry attributes consistently identified by the literature and important to this analysis include: (i) endogenous sunk costs in the form of expenditures on R&D; (ii) seed and agricultural chemical technol...
متن کاملForeign exchange market Movements and investment risk in the petrochemical industry
In this investigation, by the time series data of exchange rate and petrochemical industry stock index in the Tehran Stock Market from March 2009 to April 2019, a new Hybrid Model (resulting from the use of Exponential Generalized Autoregressive Conditional Heteroscedasticity, EGARCH, Model and Markov Switching Regime Model) is used. The results of study, in addition to confirming the idea of ...
متن کاملInvestment Banking and Security Market Development: Does Finance Follow Industry?∗
This paper looks at the industrial organization of the investment banking industry. Longterm relationships between business firms and investment banks are pervasive in developed security markets. A vast literature argues that better monitoring and information result from relationships. Thus, security markets should allocate resources better when an investment banking industry exists. We study n...
متن کاملNetwork effects, market structure and industry performance
This paper provides a thorough analysis of oligopolistic markets with positive demand side network externalities and perfect compatibility. The minimal structure imposed on the model primitives is such that industry output increases in a firm's rivals' total output as well as in the expected network size. This leads to a generalized equilibrium existence treatment that includes guarantees for a...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.467920