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Åpent seminar i økonomi og finans: "Sequential Innovation and the Arrow effect"

Handelshøgskolen ved UiS inviterer alle interesserte til åpent seminar Torsdag 14. mars kl. 11.30 - 12.30 med professor Christian Riis fra BI.

Smeinaret vil ta for seg professor Riis sin siste artikkel "Sequential Innovation and the Arrow effect".
Merk at seminaret vil foregå på engelsk.

Sted: Ellen & Axel Lunds hus H-125
Tid: 11:30 - 12:30.

Seminar tittel: Sequential Innovation and the Arrow effect


Abstract:
Numerous studies have identified systematic differences in innovation patterns between market leaders and entrants.

The paper "Sequential Innovation and the Arrow effect" by Christian Riis contributes to this literature by exploring idea screening as a possible mechanism to explain observed differences.  Firms screen research projects and carry out innovations when projects are sufficiently promising.  Screening incentives differ between market leaders and newcomers, generating asymmetric innovation quality distributions in the market. We formulate a model where we integrate idea screening into a standard sequential cumulative innovation model, and where we characterize innovation patterns as the steady innovation quality distribution.  We show that more fierce competition (lower entry barriers) increases the expected quality gap between incumbent and entrant innovations.

Key  words: Sequential innovations, innovation quality

Lett servering.

For spørsmål vennligst kontakt prosjekt administrator Åse Lea,
Telefon: +47 51 83 37 47/+47 47 26 28 95

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