Diversification: a road to inefficiency in product innovations?

Dawid H, Reimann M (2011)
Journal of Evolutionary Economics 21(2): 191-229.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
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Abstract / Bemerkung
Motivated by recent empirical observations made in industries such as the automobile industry, this paper employs an agent-based industry simulation model to examine the strategic relationship between product diversification strategies and some aspects of the product innovation strategy of a single producer. In particular, it is established that an increase in the average degree of product diversification in an industry increases the incentive for a producer to reduce the time to market for innovations at the expense of product quality. However, if all firms adapt their strategies according to these incentives, this results in a severe loss of average firm profits in the industry and also to a reduction in consumer surplus. It is then studied how the strength of this dilemma depends on several parameters describing the market structure and patent policy.
Erscheinungsjahr
Zeitschriftentitel
Journal of Evolutionary Economics
Band
21
Zeitschriftennummer
2
Seite
191-229
ISSN
eISSN
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Dawid H, Reimann M. Diversification: a road to inefficiency in product innovations? Journal of Evolutionary Economics. 2011;21(2):191-229.
Dawid, H., & Reimann, M. (2011). Diversification: a road to inefficiency in product innovations? Journal of Evolutionary Economics, 21(2), 191-229. doi:10.1007/s00191-010-0207-z
Dawid, H., and Reimann, M. (2011). Diversification: a road to inefficiency in product innovations? Journal of Evolutionary Economics 21, 191-229.
Dawid, H., & Reimann, M., 2011. Diversification: a road to inefficiency in product innovations? Journal of Evolutionary Economics, 21(2), p 191-229.
H. Dawid and M. Reimann, “Diversification: a road to inefficiency in product innovations?”, Journal of Evolutionary Economics, vol. 21, 2011, pp. 191-229.
Dawid, H., Reimann, M.: Diversification: a road to inefficiency in product innovations? Journal of Evolutionary Economics. 21, 191-229 (2011).
Dawid, Herbert, and Reimann, Marc. “Diversification: a road to inefficiency in product innovations?”. Journal of Evolutionary Economics 21.2 (2011): 191-229.