Autori
Battagion, Maria Rosa
Grieco, Daniela

Titolo
Radical innovation and R&D competition
Periodico
Rivista italiana degli economisti
Anno: 2009 - Volume: 14 - Fascicolo: 2 - Pagina iniziale: 345 - Pagina finale: 359

Empirical evidence about innovation is doubtful in showing incumbent firms' and new entrants' attitude toward radical innovations. Moreover, theoretical works exhibit divergent conclusions when investigating the incentives to innovate. Our paper emphasizes the importance of distinguishing between degrees of innovativeness when comparing an incumbent's and an entrant's incentives to invest in innovation. The model captures the peculiarity of a radical innovation along three dimension: risk, impact on the existing market and capability of opening up a new market. The results emphasize the role of substitution and complementarity between markets in determining the incentives to innovate in the radical case. Implications on innovation policy are finally discussed.



SICI: 1593-8662(2009)14:2<345:RIARC>2.0.ZU;2-R
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1427/30394
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=30394

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