Matches in SemOpenAlex for { <https://semopenalex.org/work/W3198463838> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3198463838 abstract "Innovators with shared interests face a dynamic collective-action problem with two special features: uncertainty about the returns to (research) effort, and an exploration-exploitation trade-off in which exploitation becomes more attractive as discoveries accumulate. I study this problem in a general model with long-lived firms that exert effort to obtain improvements of random size in a technology they share. The firms' flow payoffs grow as the technology improves, but so does the marginal cost of effort. In (the unique symmetric Markov) equilibrium, small discoveries may hurt all firms simultaneously as they drastically reduce effort. Allowing each firm to discard the innovations it obtains (after observing their size) yields uniformly higher effort and welfare in equilibrium. If firms may instead conceal innovations from the others for a period of time, under linear payoffs, there exists an equilibrium in which improvements are kept secret until they reach a cutoff, and effort stops after disclosure. Although concealment is inefficient due to forgone benefits and the risk of redundancy, firms may be better off compared to the baseline equilibrium with forced disclosure." @default.
- W3198463838 created "2021-09-13" @default.
- W3198463838 creator A5037317484 @default.
- W3198463838 date "2021-09-01" @default.
- W3198463838 modified "2023-09-27" @default.
- W3198463838 title "Incentives for Collective Innovation" @default.
- W3198463838 hasPublicationYear "2021" @default.
- W3198463838 type Work @default.
- W3198463838 sameAs 3198463838 @default.
- W3198463838 citedByCount "0" @default.
- W3198463838 crossrefType "posted-content" @default.
- W3198463838 hasAuthorship W3198463838A5037317484 @default.
- W3198463838 hasConcept C100243477 @default.
- W3198463838 hasConcept C111368507 @default.
- W3198463838 hasConcept C119857082 @default.
- W3198463838 hasConcept C12725497 @default.
- W3198463838 hasConcept C127313418 @default.
- W3198463838 hasConcept C144133560 @default.
- W3198463838 hasConcept C162324750 @default.
- W3198463838 hasConcept C175444787 @default.
- W3198463838 hasConcept C29122968 @default.
- W3198463838 hasConcept C34447519 @default.
- W3198463838 hasConcept C40700 @default.
- W3198463838 hasConcept C41008148 @default.
- W3198463838 hasConcept C46814582 @default.
- W3198463838 hasConcept C66887028 @default.
- W3198463838 hasConcept C67091656 @default.
- W3198463838 hasConcept C98763669 @default.
- W3198463838 hasConceptScore W3198463838C100243477 @default.
- W3198463838 hasConceptScore W3198463838C111368507 @default.
- W3198463838 hasConceptScore W3198463838C119857082 @default.
- W3198463838 hasConceptScore W3198463838C12725497 @default.
- W3198463838 hasConceptScore W3198463838C127313418 @default.
- W3198463838 hasConceptScore W3198463838C144133560 @default.
- W3198463838 hasConceptScore W3198463838C162324750 @default.
- W3198463838 hasConceptScore W3198463838C175444787 @default.
- W3198463838 hasConceptScore W3198463838C29122968 @default.
- W3198463838 hasConceptScore W3198463838C34447519 @default.
- W3198463838 hasConceptScore W3198463838C40700 @default.
- W3198463838 hasConceptScore W3198463838C41008148 @default.
- W3198463838 hasConceptScore W3198463838C46814582 @default.
- W3198463838 hasConceptScore W3198463838C66887028 @default.
- W3198463838 hasConceptScore W3198463838C67091656 @default.
- W3198463838 hasConceptScore W3198463838C98763669 @default.
- W3198463838 hasLocation W31984638381 @default.
- W3198463838 hasOpenAccess W3198463838 @default.
- W3198463838 hasPrimaryLocation W31984638381 @default.
- W3198463838 hasRelatedWork W1482083352 @default.
- W3198463838 hasRelatedWork W1493049495 @default.
- W3198463838 hasRelatedWork W149403194 @default.
- W3198463838 hasRelatedWork W1605205275 @default.
- W3198463838 hasRelatedWork W1988369942 @default.
- W3198463838 hasRelatedWork W2052910192 @default.
- W3198463838 hasRelatedWork W2057763762 @default.
- W3198463838 hasRelatedWork W2138070498 @default.
- W3198463838 hasRelatedWork W2517915236 @default.
- W3198463838 hasRelatedWork W2732338289 @default.
- W3198463838 hasRelatedWork W2753866807 @default.
- W3198463838 hasRelatedWork W2777599181 @default.
- W3198463838 hasRelatedWork W3123025978 @default.
- W3198463838 hasRelatedWork W3124441189 @default.
- W3198463838 hasRelatedWork W3124727722 @default.
- W3198463838 hasRelatedWork W3139388729 @default.
- W3198463838 hasRelatedWork W3149444460 @default.
- W3198463838 hasRelatedWork W3156175354 @default.
- W3198463838 hasRelatedWork W3197763823 @default.
- W3198463838 hasRelatedWork W755514344 @default.
- W3198463838 isParatext "false" @default.
- W3198463838 isRetracted "false" @default.
- W3198463838 magId "3198463838" @default.
- W3198463838 workType "article" @default.