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dc.contributor.authorWörter, Martinen_US
dc.contributor.authorRammer, Christianen_US
dc.contributor.authorArvanitis, Spyrosen_US
dc.date.accessioned2010-07-01en_US
dc.date.accessioned2010-07-07T13:29:26Z-
dc.date.available2010-07-07T13:29:26Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36382-
dc.description.abstractThis paper analyses the relationship between past innovation output, competition, and future innovation input in a dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product substitutability and entry barriers due to fixed costs. Based on firm-level panel data for Germany and Switzerland we obtain consistent results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively related to the degree of product obsolescence in t, and negatively to the degree of substitutability in t in both countries. Further, we find that rapid product obsolescence provides positive incentives for higher - primarily product-oriented - R&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 10-039en_US
dc.subject.jelO3en_US
dc.subject.ddc330en_US
dc.subject.keywordInnovationen_US
dc.subject.keywordR&Den_US
dc.subject.keywordCompetitionen_US
dc.subject.stwInnovationswettbewerben_US
dc.subject.stwProduktsubstitutionen_US
dc.subject.stwWettbewerben_US
dc.subject.stwIndustrielle Forschungen_US
dc.subject.stwÖkonomischer Anreizen_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwSchweizen_US
dc.titleInnovation, competition and incentives for R&Den_US
dc.typeWorking Paperen_US
dc.identifier.ppn630427380en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:10039-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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