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来源类型Working Paper
规范类型报告
DOI10.3386/w29091
来源IDWorking Paper 29091
A Synthetic Model of Disruption and Experimentation
Joshua S. Gans
发表日期2021-08-02
出版年2021
语种英语
摘要This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in experimental choice (in particular, choosing experiments that involved biased signals). It is shown that firms will generically choose biased over unbiased experiments even when there are no differences in their relative costs. This is done to better inform decisions regarding the exploitation of technological opportunities. It is shown that these choices can differ between incumbents and entrants based on their fundamentals as well as because of the anticipation of competition between them.
主题Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w29091
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586765
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GB/T 7714
Joshua S. Gans. A Synthetic Model of Disruption and Experimentation. 2021.
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