文章基本信息

标题：On the Impact of Piracy on Innovation in the Presence of Technological and Market Uncertainty
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作者：Dyuti Banerjee ; Ishita Chatterjee†
期刊名称：Discussion Paper Series / Department of Economics, Monash University
出版年度：2009
卷号：1
出版社：Monash University
摘要：This paper analyses the effect of piracy on innovation in the presence of R&D competition with technological and market uncertainty. With a single innovating firm facing technological uncertainty, piracy unambiguously retards innovation. However, with R&D competition where firms face market and technological uncertainties, we show that piracy may enhance overall innovation. We also show that if the difference between the probabilities of success of the innovating firms is relatively large then piracy enhances the R&D investment and profit of the less efficient firm.
关键词：Innovation, market uncertainty, R&D race, technological uncertainty