Product And Process Innovations In A Horizontally Differentiated Product Market

Download Product And Process Innovations In A Horizontally Differentiated Product Market full books in PDF, epub, and Kindle. Read online Product And Process Innovations In A Horizontally Differentiated Product Market ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Product and Process Innovations in a Horizontally Differentiated Product Market

Author : Pia Weiss
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!

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.

Adoption of Product and Process Innovations in Differentiated Markets

Author : Pia Weiss
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!

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).

The Microeconomics of Product Innovation

Author : Paul Stoneman
Publisher : Oxford University Press
ISBN 13 : 019254862X
Total Pages : 269 pages
Book Rating : 4.1/5 (925 download)

DOWNLOAD NOW!

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 269 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.

Product Innovation, Product Diversification, and Firm Growth

Author : Sergeĭ Vladimirovich Braginskiĭ
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (113 download)

DOWNLOAD NOW!

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.

Process and Product Innovation in a Vertically Differentiated Industry

Author : Emanuele Bacchiega
Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!

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.

The Microeconomics of Product Innovation

Author : Paul Stoneman
Publisher : Oxford University Press
ISBN 13 : 0192548638
Total Pages : 242 pages
Book Rating : 4.1/5 (925 download)

DOWNLOAD NOW!

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.

Multi-Stage Innovations

Author : Herbert Dawid
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!

Book Synopsis Multi-Stage Innovations by : Herbert Dawid

Download or read book Multi-Stage Innovations written by Herbert Dawid and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a quantity-setting duopoly model with both firms having the possibility to produce a homogeneous product. Firm 1 has the option to carry out a product innovation project in two stages and in between the two stages Firm 2 can invest in cost-reducing process innovation. Hence, Firm 1's incentive to complete the innovation of the horizontally and vertically differentiated new product is influenced by Firm 2's process innovation activities. Our results are as follows. First, we find that under weak vertical differentiation Firm 2 wants Firm 1 to innovate. Horizontal differentiation softens competition and Firm 2 over-invests in process innovation to induce Firm 1 to launch the new product. Second, under strong vertical differentiation Firm 1 starts the product innovation project - triggering under-investment by Firm 2 - but never finishes it. The under-investment leads to higher production costs for Firm 2, which induces Firm 1 not to innovate. Third, under very strong vertical differentiation Firm 2 prevents a launch of the new product by overinvesting in process innovation. Due to the strong decrease in production costs Firm 2 captures such a big market share that Firm 1 will not introduce the new product. However, since its situation in the old market also has become worse, Firm 1's value of the option to innovate is negative.

Trash it Or Sell It? A Strategic Analysis of the Market Introduction of Product Innovations

Author : Herbert Dawid
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!

Book Synopsis Trash it Or Sell It? A Strategic Analysis of the Market Introduction of Product Innovations by : Herbert Dawid

Download or read book Trash it Or Sell It? A Strategic Analysis of the Market Introduction of Product Innovations written by Herbert Dawid and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper a quantity-setting duopoly is considered where one firm develops a new product which is horizontally differentiated from the existing product. The main question examined is which strategically important effects occur if the decision to develop the innovation and the decision to introduce the new product in the market are separated. In our multi-stage game the firm's launch decision is explicitly taken into account and we find an equilibrium where the competitor of the potential innovator strategically over-invests in process innovation. In this equilibrium the competitor over-invests in order to push the potential innovator to introduce the new product since this reduces the competition for the existing product. It is shown that this effect has positive welfare implications in comparison with the case where the innovator commits ex ante to launching the new product.

Adoption of a Product Innovation in the Presence of Vertical Product Differentiation

Author : Shiou Shieh
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

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:

The Rate and Direction of Inventive Activity Revisited

Author : Josh Lerner
Publisher : University of Chicago Press
ISBN 13 : 0226473031
Total Pages : 715 pages
Book Rating : 4.2/5 (264 download)

DOWNLOAD NOW!

Book Synopsis The Rate and Direction of Inventive Activity Revisited by : Josh Lerner

Download or read book The Rate and Direction of Inventive Activity Revisited written by Josh Lerner and published by University of Chicago Press. This book was released on 2012-04-15 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation.

New Product Development

Author : Sameer Kumar
Publisher : Springer Science & Business Media
ISBN 13 : 0387232737
Total Pages : 205 pages
Book Rating : 4.3/5 (872 download)

DOWNLOAD NOW!

Book Synopsis New Product Development by : Sameer Kumar

Download or read book New Product Development written by Sameer Kumar and published by Springer Science & Business Media. This book was released on 2006-10-28 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenge of managing a business enterprise today is to ensure that it can remain efficient and competitive in a dynamic marketplace characterized by high competition, unstable demands, heterogeneous market segments, and short product life cycles. Increasing the pace of new product introduction enables dealing with shorter product lives. To sustain competitiveness, a firm has to be innovative as well as quick to respond to the changing customer needs in order to provide better and faster products to market than competitors. New product development (NPD) is considered as a process of learning. Successful NPD projects typically rely on knowledge and experience of multi-function teams. In addition to corporate strategy and organization learning, the external factors such as, market and competitive conditions also play a big role in driving business strategies. The results from the empirical research study reported shows that companies implementing innovation strategy are more competitive in the long run while those that follow customer-responsive strategy are more likely to have higher return on investment within a shorter time. In order to achieve both sustainable competencies and also meet customer needs in the changing market environment today, a company should adapt to the benefits of both strategies.

Product Versus Process

Author : Lisandra Flach
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (978 download)

DOWNLOAD NOW!

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.

The Handbook of Global Science, Technology, and Innovation

Author : Daniele Archibugi
Publisher : John Wiley & Sons
ISBN 13 : 111873906X
Total Pages : 629 pages
Book Rating : 4.1/5 (187 download)

DOWNLOAD NOW!

Book Synopsis The Handbook of Global Science, Technology, and Innovation by : Daniele Archibugi

Download or read book The Handbook of Global Science, Technology, and Innovation written by Daniele Archibugi and published by John Wiley & Sons. This book was released on 2015-09-28 with total page 629 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Global Science, Technology, and Innovation This unique Handbook provides an overview of the globalization of science, technology, and innovation, including global trends in the way knowledge is produced and distributed, the development of institutions, and global policy. It shows how technological change and innovation are shaped by the role of emerging countries in the generation of science and technological knowledge, and transnational corporations, and how reforms in intellectual property rights and world trade have been affected by the increasingly international flows of knowledge, technology, and innovation. The book provides an in-depth assessment of the themes and direction of science, technology, innovation, and public policy in an increasingly globalized world. With contributions from an international team of leading scholars, this cutting-edge reference work introduces readers to current debates about the role of science and technology in global society and the policy responses that shape its development. Comprising 28 specially commissioned chapters, the Handbook addresses major trends in global policy, including a significant shift toward private scientific research, the change in the distribution of science and technical knowledge, and a heightened awareness among policymakers of the economic and technological impact of scientific activity. Accessibly written, it provides an invaluable one-stop reference for students, social researchers, scientists, and policymakers alike.

Innovating in Product/Process Development

Author : Mikel Sorli
Publisher : Springer Science & Business Media
ISBN 13 : 1848825455
Total Pages : 289 pages
Book Rating : 4.8/5 (488 download)

DOWNLOAD NOW!

Book Synopsis Innovating in Product/Process Development by : Mikel Sorli

Download or read book Innovating in Product/Process Development written by Mikel Sorli and published by Springer Science & Business Media. This book was released on 2009-07-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovating in Product/Process Development demonstrates how to achieve true innovation in product development, and how to launch a new product in the quickest and cheapest way. The new approach to product development proposed in this book is based on the most recent research in the field. It suggests the integration of several tools that are currently only used independently, with the aim of stimulating the creation of innovative ideas in general, and specifically in the areas of product/process improvements and problem solving. Innovating in Product/Process Development explores different aspects of innovation processes in twenty-first century industry from a global economic perspective. It presents in detail several approaches to support these processes, from ICT-based systems to collaborative working environments, all of which will be of interest to MBA or advanced students; researchers; and design teams charged with the creation of new product lines.

Soft Innovation

Author : Paul Stoneman
Publisher : Oxford University Press
ISBN 13 : 0199572488
Total Pages : 381 pages
Book Rating : 4.1/5 (995 download)

DOWNLOAD NOW!

Book Synopsis Soft Innovation by : Paul Stoneman

Download or read book Soft Innovation written by Paul Stoneman and published by Oxford University Press. This book was released on 2010-02-04 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the existing economic literature on innovation has taken a particularly functional viewpoint as to what innovation might be. This book explores 'soft innovation', found in the creative industries such as publishing, film-making, advertising, and architecture, which has been, hitherto, ignored in innovation studies.

Process and Product Innovation: a Differential Game Approach to Product Life Cycle

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (667 download)

DOWNLOAD NOW!

Book Synopsis Process and Product Innovation: a Differential Game Approach to Product Life Cycle by :

Download or read book Process and Product Innovation: a Differential Game Approach to Product Life Cycle written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the timing of adoption of product and process innovation by using a differential game in which firms may invest in both activities. We consider horizontal product innovation that reduces product substitutability, and process innovation that reduces marginal cost. First, we demonstrate that the incentive for cost-reducing investment is relatively higher than the incentive to increase product differentiation. Second, depending on initial conditions, (i) firms activate both types of investment from the very outset to the steady state; (ii) firms initially invest only in one R & D activity and then reach the steady state either carrying out only such activity or carrying out both; (iii) firms do not invest at all in either type of innovation.

The Economics of Vertically Differentiated Markets

Author : Luca Lambertini
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958315
Total Pages : 240 pages
Book Rating : 4.9/5 (583 download)

DOWNLOAD NOW!

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.