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R & D, Innovation and Industrial Structure

Essays on the Theory of Technological Competition

  • Boris Maurer

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Boris Maurer
    Pages 1-8
  3. Boris Maurer
    Pages 135-138
  4. Back Matter
    Pages 139-158

About this book

Introduction

The common topic of this collection of studies is the interaction between innova­ tive activity of firms and industrial structure. I call this interaction technological competition. Firms invest into R&D in order to open up new or enlarge existing profit opportuni­ ties for the future. A successful R&D-project leads to an innovation. An innovation introduced into the market changes the competitive structure of the industry. At the same time the structure of the industry shapes the incentives to invest into R&D. What matters for these incentives is not so much the existing structure but the expected dynamic evolution of that industry which is again dependent on the innovative choice of firms. Amongst other things, the dynamic of industry evolution is therefore rooted in the dynamics of ongoing innovative activity. Of course, this is not always the whole sto­ ry. There are (more or less) exogenous factors, like knowledge spillovers from other sectors of the economy, technological breakthroughs in basic research that directly influence the state of competition in an industry by providing additional profit op­ portunities, etc. The same is true for exogenous changes in upstream markets or demand conditions. My main interest here is not primarily to understand these exogenous forces, but to develop a theory of how the process of firms' innovative activity is shaped by competition and in turn shapes future competition between firms in an industry.

Keywords

Forschung und Entwicklung Game Theory Research & Development Spieltheorie Technological Competition Technologischer Wettbewerb innovation

Authors and affiliations

  • Boris Maurer
    • 1
  1. 1.Lehrstuhl für Volkswirtschaftslehre, insb. Angewandte MikroökonomieUniversität MannheimMannheimGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-95925-7
  • Copyright Information Physica-Verlag Heidelberg 1996
  • Publisher Name Physica-Verlag HD
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-0900-8
  • Online ISBN 978-3-642-95925-7
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site