Arbeitspapier
The Timing of Product Innovation and Regulatory Delay
This paper endogenizes the interplay between innovation by a regulated â?¦rm and regulatory delay. In the signaling model, the â?¦rm times its innovation to communicate its private information about the MC of delay to the regulator. When product innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. Successful signaling leads the regulator to adjust regulatory delay. The separating equilibrium of the signaling model generates testable predictions for how innovation and regulatory delay evolve over time. The model is consistent with data gathered from one of the Bell telecommunications â?¦rms.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 01-9
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Prieger, James E.
- Event
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Veröffentlichung
- (who)
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University of California, Department of Economics
- (where)
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Davis, CA
- (when)
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2003
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
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
- 2003
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