Arbeitspapier
Endogeneous regulatory delay and the timing of product innovation
This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. When product innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. In the signaling model, the firm therefore times its innovation to communicate its private information about the marginal cost of delay to the regulator. Successful signaling leads the regulator to reduce regulatory delay. The model places testable restrictions on the empirical relationship between innovation delay and regulatory delay. The model is consistent with data gathered from a large U.S. telecommunications provider.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 05-4
- Classification
-
Wirtschaft
Economics of Regulation
Telecommunications
- Subject
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Innovation
Zeit
Regulierung
Theorie
- Event
-
Geistige Schöpfung
- (who)
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Prieger, James E.
- Event
-
Veröffentlichung
- (who)
-
University of California, Department of Economics
- (where)
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Davis, CA
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Prieger, James E.
- University of California, Department of Economics
Time of origin
- 2005
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