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Process And Product Innovation In A Vertically Differentiated Industry
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Book Synopsis Process and Product Innovation in a Vertically Differentiated Industry by : Emanuele Bacchiega
Download or read book Process and Product Innovation in a Vertically Differentiated Industry written by Emanuele Bacchiega and published by . This book was released on 2013 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine a vertically differentiated duopoly where firms invest in process and product innovation and then compete in prices under full market coverage. We show that (i) process and product innovation are complements (substitutes) for the low-quality (high-quality) firm; (ii) the firm which is initially more efficient invests more than the rival in process innovation; (iii) if the initial differential between marginal costs is sufficiently high, the demand for the less efficient firm is nil and the duopoly equilibrium does not exist. Finally, we investigate the feasibility of Ramp;D cooperation for process innovation.
Book Synopsis Process and Product Innovation in a Vertically Differentiated Industry by : Emanuele Bacchiega
Download or read book Process and Product Innovation in a Vertically Differentiated Industry written by Emanuele Bacchiega and published by . This book was released on 2007 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Microeconomics of Product Innovation by : Paul Stoneman
Download or read book The Microeconomics of Product Innovation written by Paul Stoneman and published by Oxford University Press. This book was released on 2018-02-22 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics has not given sufficient attention to the microeconomic analysis of innovation and technological change. Counteracting this imbalance, The Microeconomics of Product Innovation considers how the use of economic analysis can guide and inform the search for insight in the generation and adoption of new products synonymously labelled product innovation. Written in an accessible tone and restricting its analysis to the use of microeconomics, this book encompasses the definition of product innovation. It explores means of measurement and revealed patterns of the extent of product innovation; the economic analysis of the forces driving the demand for, the supply of, and incentives to generate new products; empirical evidence upon the determinants of the extent of product innovation; the diffusion of product innovations; product innovation and firm performance; price measurement under product innovation; product innovation and welfare; and public policy and product innovation.
Book Synopsis Adoption of a Product Innovation in the Presence of Vertical Product Differentiation by : Shiou Shieh
Download or read book Adoption of a Product Innovation in the Presence of Vertical Product Differentiation written by Shiou Shieh and published by . This book was released on 1995 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Product Innovation, Product Diversification, and Firm Growth by : Sergeĭ Vladimirovich Braginskiĭ
Download or read book Product Innovation, Product Diversification, and Firm Growth written by Sergeĭ Vladimirovich Braginskiĭ and published by . This book was released on 2020 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore how firms grow by adding products. In contrast to most earlier work on the topic, our conceptual and empirical framework allows for separate treatment of product innovation (vertical differentiation) and diversification (horizontal differentiation). The market context is Japan's cotton spinning industry at the turn of the last century. We find that introducing innovative products outside of the previously feasible set involves removing the "supply-side constraint" by investing in new types of machines and technologies. This process involves a high degree of uncertainty, however, so firms that take steps in this direction tend to first introduce innovative products on experimental basis. We show that conducting such experiments is a key to firm growth. It not only provides opportunities to capture the market in high-end vertically differentiated products when successful, but also facilitates horizontal differentiation of the firm's products within its previous technical capabilities. In long-term outcomes over 20 years, the right tail of the firm size distribution becomes dominated by firms that were able to expand in both directions: moving first into technologically challenging vertically differentiated products, and then later applying their newly acquired high-end technical competence to horizontal expansion of their product portfolios.
Book Synopsis Product Innovation in a Vertically Differentiated Model by : Luigi Filippini
Download or read book Product Innovation in a Vertically Differentiated Model written by Luigi Filippini and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the licensing incentives of an independent input producer owning a patented product innovation which allows the downstream ጿirms to improve the quality of their ጿinal goods. We consider a general two-part tariff contract for both outside and incumbent innovators. We ጿind that technology diffusion critically depends on the nature of market competition (Cournot vs. Bertrand). Moreover, the vertical merger with either downstream ጿirm is always privately proijtable and it is welfare improving for large innovations: this implies that not all proijtable mergers should be rejected.
Book Synopsis Product Versus Process by : Lisandra Flach
Download or read book Product Versus Process written by Lisandra Flach and published by . This book was released on 2017 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the effects of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. Using firm-level data and large exchange rate devaluations, we show that better access to foreign markets increases the incentive to innovate. However, we exploit differential effects across industries and show that the innovation strategies depend on the scope of differentiation.
Book Synopsis The Economics of Vertically Differentiated Markets by : Luca Lambertini
Download or read book The Economics of Vertically Differentiated Markets written by Luca Lambertini and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This is a high-quality book on an important and central topic in the theory of industrial organisation. It is a cohesive and extremely well written volume which is destined to become a standard work on the subject.' - Mark Casson, University of Reading, UK This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms' behaviour and market structure, and the ways in which this relationship has evolved. With contributions from prominent figures in the field, the book investigates a number of important topics, such as the choice of the optimal product range, profit sharing, the existence of equilibrium in duopoly games, positional effects attached to status goods, international trade, collusion, advertising and the dynamics of capital accumulation for quality improvement and product innovation. Using both static and dynamic approaches, these aspects are assessed in relation to the manifold issues of regulation, competition policy and trade policy. Product differentiation and its influence on consumer behaviour and the performance of firms is a core topic in the existing literature in the fields of industrial organization, international trade and economic growth. This book will be an essential read for researchers, students and professional scholars working in these areas, especially those with an interest in antitrust regulation.
Book Synopsis Industrial Product Innovation by : F A Johne
Download or read book Industrial Product Innovation written by F A Johne and published by Routledge. This book was released on 2018-03-26 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1985 this book looks at the way in which some businesses in high technology manufacturing industry have organised their structures and processes in order to manage product innovation effectively. Including detailed case studies of both British and American companies, the book gives examples of both effective and less effective practices. The author puts forward a general framework of good practice for the benefit of both practitioners and business studies students.
Book Synopsis Adoption of Product and Process Innovations in Differentiated Markets by : Pia Weiss
Download or read book Adoption of Product and Process Innovations in Differentiated Markets written by Pia Weiss and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the effects of the degree of competition on the firms' decision to innovate in differentiated markets. We find that a low (high) degree of product differentiation (competition) weakly supports the introduction of new products. Firms' weakly favour a process innovation if the degree of product differentiation (competition) is high (low). In addition, assumptions on the strategic complementarity of product and process innovations and on the decreasing returns of a product innovation are found to be the critical assumptions in the sense of Milgrom and Roberts (1994).
Book Synopsis Product and Process Innovations in a Horizontally Differentiated Product Market by : Pia Weiss
Download or read book Product and Process Innovations in a Horizontally Differentiated Product Market written by Pia Weiss and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For horizontal product differentiation, the paper examines the effects of the level of competition on the firm's decision between a product and process innovation. When firms have to choose between the two types of innovation, it is demonstrated that both firms undertake the product innovation when the competition is intense, they choose different investment projects in intermediate competition, and they pursue cost-reducing innovations when competition is less intense. If firms may pursue both innovations, they mix the types depending on the innovation cost structure. Again, firms incur higher costs into product innovations, when the competition is initially intense.
Book Synopsis Learning and Strategic Product Innovation by : Harald Gruber
Download or read book Learning and Strategic Product Innovation written by Harald Gruber and published by North Holland. This book was released on 1994 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hardbound. The aim of this book is to highlight a number of separate issues in the analysis of product innovation and the implications for firm behaviour. This is done by taking a close look at the semiconductor industry, where product innovation is undertaken frequently and the innovation cycles unfold in very short periods of time. There are three main themes; the first theme concerns the evolution of market share patterns, the time profile of which has shown a striking regularity and persistence over successive generations of products. A game theoretic model generates equilibrium results consistent with the basic facts observed. The second theme is about the relevance of the learning by doing concept in the production of semiconductors estimating the learning curve. The third theme addresses the relevance of trade policy in innovative industries. It is argued that protectionist trade policies have powerful implications for leadership product innovati
Book Synopsis Product Innovation Under Vertical Differentiation and the Persistence of Monopoly by :
Download or read book Product Innovation Under Vertical Differentiation and the Persistence of Monopoly written by and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The incentives to innovate for the incumbent and the entrant in a vertically differentiated market are analised, in the absence of uncertainty. It turns out that if consumers marginal willingness to pay for quality is sufficiently low, the efficiency effect observationally works so as to favour innovation by the entrant, i.e., competition. Otherwise, it operates to the advantage of the incumbent who acquire the right to innovate, preempting thus the rival.
Book Synopsis Technological and Market Innovation by : Harry Nyström
Download or read book Technological and Market Innovation written by Harry Nyström and published by . This book was released on 1990-07-19 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ideas and empirical results presented in this book are the result of ongoing research on a wide range of strategic management issues for more than two decades. The book's objective is to bring these results together and indicate the implications and directions for future research.
Book Synopsis Handbook of Research on Supply Chain Resiliency, Efficiency, and Visibility in the Post-Pandemic Era by : Ramakrishna, Yanamandra
Download or read book Handbook of Research on Supply Chain Resiliency, Efficiency, and Visibility in the Post-Pandemic Era written by Ramakrishna, Yanamandra and published by IGI Global. This book was released on 2022-04-15 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has adversely affected the supply chains of all sectors of business worldwide. The pandemic has made it evident that by managing supply chains in a traditional manner organizations will no longer be able to achieve profits and improve customer satisfaction. This calls for immediate structural changes in organizations, flexible organizational culture, and a sense of urgency to redefine strategies related to supply chains. The Handbook of Research on Supply Chain Resiliency, Efficiency, and Visibility in the Post-Pandemic Era explores diverse strategies for achieving capabilities related to supply chain resilience and seeks to expand the existing body of knowledge in this area. It develops models, frameworks, and theoretical concepts related to supply chain resilience to enhance efficiency and improve visibility of supply chains. Covering topics such as change management, production relocation, and supply chain risk, this book is an essential reference for business leaders, corporate executives, industry practitioners, researchers, academicians, educators, and students.
Author :Ludmiła Walaszczyk Publisher :Wydawnictwo Naukowe Instytut Technologii Eksploatacji ISBN 13 :8377896184 Total Pages :214 pages Book Rating :4.3/5 (778 download)
Book Synopsis Social innovation-based model for the analysis of enterprise operations by : Ludmiła Walaszczyk
Download or read book Social innovation-based model for the analysis of enterprise operations written by Ludmiła Walaszczyk and published by Wydawnictwo Naukowe Instytut Technologii Eksploatacji. This book was released on 2020-06-01 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this monograph is to support the SME management through raising awareness on changes occurring in today’s economy and presenting a social innovation model consisting of two elements, i.e. the methodology for the management of the multicultural skilled workforce in the enterprise (today’s perspective) and the methodology for the implementation of the business succession process in the enterprise (future perspective).
Book Synopsis Differential Games in Industrial Economics by : Luca Lambertini
Download or read book Differential Games in Industrial Economics written by Luca Lambertini and published by Cambridge University Press. This book was released on 2018-04-26 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour. Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments. This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.
