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Já está no ar (com um pouco de atraso) a mais nova newsletter da Creativante, intitulada “Funcionalidades de redes sociais em sistemas de gestão empresarial“, que você pode acessar aqui (http://bit.ly/ZJWiGP)!
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Patent Rights, Product Market Reforms, and Innovation
Philippe Aghion, Peter Howitt, Susanne Prantl
NBER Working Paper No. 18854
Issued in February 2013
NBER Program(s): EFG PR
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding positively to the product market reform in industries of countries where patent rights are strong, not where these are weak. The positive response to the reform is more pronounced in industries in which innovators rely more on patenting than in other industries, and in which the scope for deterring entry through patenting is not too large. Our empirical findings are in line with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly, that patent protection can complement competition in inducing innovation.
This paper is available as PDF (714 K) or via email.
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Behind the Scenes: Sources of Complementarity in R&D
Marco Ceccagnoli, Matthew J. Higgins, Vincenzo Palermo
NBER Working Paper No. 18795
Issued in February 2013
NBER Program(s): IO PR
Even though management consultants increasingly recommend that in-house research be outsourced, little is known about the conditions favoring substitution or complementarity between internal R&D and external technology acquisition. In this paper, we attempt to provide a deeper understanding of the firm-level drivers of complementarity between these two types of investments through the structural estimation of a flexible innovation production function, such as the translog. Our empirical analysis is based on a unique panel dataset on the R&D and in-licensing expenditures of 94 global pharmaceutical firms active in drug development between 1997 and 2005. Our results suggest that internal R&D and in-licensing in the pharmaceutical industry were neither complements nor substitutes during the study period. However, we find that the degree of complementarity is enhanced for firms with stronger absorptive capacity, economies of scope, and past licensing experience.
This paper is available as PDF (385 K).
Very good paper!
Abstract
This paper discusses the general characteristics of online markets from a competition theory perspective and the implications for competition policy. Three important Internet markets are analyzed in more detail: search engines, online auction platforms, and social networks. Given the high level of market concentration and the development of competition over time, we use our theoretical insights to examine whether leading Internet platforms have non-temporary market power. Based on this analysis we answer the question whether any specific market regulation beyond general competition law rules is warranted in these three online markets.
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Since 1999, The Conference Board CEO Challenge survey has asked CEOs, presidents, and chairmen across the globe to identify their most critical challenges for the coming year. The top five challenges selected by the 729 respondents to this year’s survey are Human Capital, Operational Excellence, Innovation, Customer Relationships and Global Political/Economic Risk.
Download a copy of The Conference Board CEO Challenge® 2013 Summary Report here.
