Three Essays on Innovation, Intervention, and Market Efficiency PDF Download
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Author: 王友珊
Publisher:
ISBN:
Category :
Languages : en
Pages : 260
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Author: 王友珊
Publisher:
ISBN:
Category :
Languages : en
Pages : 260
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Author: Subhadeep Datta
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This dissertation contains three essays on the theme of industry-level innovation and different aspects of innovation. The essays contribute to the literatures of institutional theory, categories, commercialization, evaluation, responsible innovation, and governance of innovation. Over the past few decades, the world has observed a wave of commercialization which has changed the way many actions are performed. One of the key features has been that of the state relinquishing its control over many activities that are now performed in the market. This wave of commercialization has given rise to some unique and innovative forms of organization within existing industries. Some of the outcomes of these innovative forms of organizations are the emergence of new categories, hybridization of existing categories, tensions between various stakeholders because of the hybridizations, emergence of new performance evaluation systems, and new questions being raised on ethical and moral grounds concerning the application of such innovations. In this dissertation I have attempted to address some of these aforementioned aspects of industry-level innovation.
Author: Chun-gyŏng Pak
Publisher:
ISBN:
Category :
Languages : en
Pages : 114
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Author:
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ISBN: 9788793339132
Category :
Languages : en
Pages : 182
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Author: Alberto López Sebastián
Publisher:
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Category :
Languages : en
Pages : 170
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Author: David J. Teece
Publisher: World Scientific
ISBN: 9789810244477
Category : Technology & Engineering
Languages : en
Pages : 528
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This book examines the manner in which successful firms develop, transfer, protect, and capture value from technological innovation. In essence, it is about ?knowledge management?, which lies at the foundation of firm level competitive advantage in today's global economy. The essays contain some of the fundamental contributions to the field of knowledge management by one of its best-known thinkers; they also constitute an immensely practical guide for those managers who wish to look below the surface of what is going on in Silicon Valley and elsewhere.
Author: Alexander N. Cuntz
Publisher:
ISBN:
Category :
Languages : en
Pages : 64
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Category : Economics
Languages : en
Pages : 304
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Category : Dissertation abstracts
Languages : en
Pages : 776
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Author: David Rietzke
Publisher:
ISBN:
Category :
Languages : en
Pages : 118
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This dissertation is a theoretical exploration of commonly used policy tools meant to improve market performance. The first chapter examines the use of prizes and grants as instruments for encouraging research and development. The second chapter investigates the welfare impact of price caps in oligopoly markets with endogenous entry. The third chapter studies the relationship between deposit insurance and bank risk taking, when a banker is motivated by reciprocity. The first chapter explores the use of grants and prizes as tools for encouraging research activity and innovation. Grants and prizes are commonly used by public and private research funders, and encourage R & D activity in different ways. Grants encourage innovation by subsidizing research inputs, while prizes reward research output. A common rationale for prizes is moral hazard; if a funder cannot observe all relevant research inputs then prizes create a strong incentive for R & D activity. In this chapter, it is shown that grants are a more efficient means of funding when a researcher's ability is unknown to the funder (adverse selection). When both adverse selection and moral hazard problems exist, a grant may emerge as an optimal funding mechanism, provided the moral hazard problem is relatively weak. In settings where the moral hazard problem is sufficiently strong, a grant emerges as part of an optimal funding mechanism, in conjunction with a prize. These results are useful for understanding different funding mechanisms used by both public and private entities. The second chapter, which is based on joint work with Stan Reynolds, examines the impact of price caps in oligopoly markets with endogenous entry. In the case of deterministic demand, reducing a price cap yields increased total output, consumer welfare, and total welfare. This result falls in line with classic results on price caps in monopoly markets, and with results for oligopoly markets with a fixed number of firms. These comparative static results for price caps need not hold when demand is stochastic and the number of firms is fixed, but recent results in the literature show that a welfare improving price cap does exist. We show that a welfare-improving cap need not exist in the case where demand is stochastic and entry is endogenous. In addition, we provide restrictions on the demand function such that a welfare-improving price cap exists under endogenous entry and stochastic demand. The third chapter, which is based on a joint project with Martin Dufwenberg, investigates the relationship between deposit insurance, risk taking, and insolvency. Empirical evidence suggests that the introduction of deposit insurance increases risk taking by banks and results in a greater chance of insolvency. The common rationale for this connection is that deposit insurance decreases the incentive for customers to monitor their banks, and invites excessive risk taking. In this chapter, it is argued that this classic explanation is somewhat puzzling. If customers can monitor their bank's behavior, certainly the insurance provider (FDIC) has this same ability. If this is the case, appropriate mechanisms could limit the moral hazard problem. We put forth an alternative explanation, and demonstrate that deposit insurance invites excessive risk taking when a banker is motivated by reciprocity.
