Spillovers And Absorptive Capacity In A Patent Race
AbstractThis paper explores the impacts of absorptive capacity on the behavior of innovating firms competing in a dynamic patent race. We introduce spillovers and absorptive capacities in the Fudenberg, Gilbert, Stiglitz and Tirole patent race with memory. First, we show that incorporating absorptive capacity has different effects according as the firm leads or follows in the race. While the leader is getting soft, the follower revives, allowing him to possibly catch up with the leader. Second, we find that spillovers with absorptive capacities tend to increase the pace of innovation, a somewhat paradoxical outcome. Copyright Blackwell Publishing Ltd and The University of Manchester, 2006.
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Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School.
Volume (Year): 74 (2006)
Issue (Month): 1 (01)
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- Halmenschlager C., 2004. "Spillovers and Absorptive Capacity in a Patent Race," Working Papers ERMES, ERMES, University Paris 2 0409, ERMES, University Paris 2.
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- Jan Van Hove, 2008. "The Impact of R&D Spillovers on Export Value: Does the Transmission Channel matter?," Working Papers, International Network for Economic Research - INFER 2008.3, International Network for Economic Research - INFER.
- Olga Slivko & Bernd Theilen, 2014.
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- Slivko, Olga & Theilen, Bernd, 2011. "Innovation or Imitation? The effect of spillovers and competitive pressure on firms' R&D strategy choice," Working Papers 2072/179618, Universitat Rovira i Virgili, Department of Economics.
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