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@book{1228066,
author = {Krčál, Ondřej},
address = {Brno},
doi = {http://dx.doi.org/10.5817/CZ.MUNI.M210-7423-2014},
edition = {1. vyd.},
keywords = {innovations competition economic efficiency modeling simulation predictive models monograph},
howpublished = {tištěná verze "print"},
language = {eng},
location = {Brno},
isbn = {978-80-210-7423-1},
publisher = {Masarykova univerzita},
title = {An Explanation of the Inverted-U Relationship between Profitability and Innovation},
url = {https://munispace.muni.cz/index.php/munispace/catalog/book/121},
year = {2014}
}
TY - BOOK
ID - 1228066
AU - Krčál, Ondřej
PY - 2014
TI - An Explanation of the Inverted-U Relationship between Profitability and Innovation
PB - Masarykova univerzita
CY - Brno
SN - 9788021074231
KW - innovations competition economic efficiency modeling simulation predictive models monograph
UR - https://munispace.muni.cz/index.php/munispace/catalog/book/121
N2 - The author introduces two models of innovation that are able to explain the inverted-U relationship between profitability and innovation, along with the findings of Aghion et al. (2005) and Hashmi (2005) related to the relationship between profitability and the dispersion of productivity in the industry. The basic model provides a simple and general explanation of the empirical findings. The prospect-theory model provides a more specific explanation of the empirical findings, which includes a behavioral model of managerial decision-making. He shows that both models generate realistic predictions for a wider range of parameter combinations around the specific parameter values.
ER -
KRČÁL, Ondřej. \textit{An Explanation of the Inverted-U Relationship between Profitability and Innovation}. 1. vyd. Brno: Masarykova univerzita, 2014, 160 s. ISBN~978-80-210-7423-1. Dostupné z: https://dx.doi.org/10.5817/CZ.MUNI.M210-7423-2014.
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