caa a22 4500 445854502 CHVBK 20180317145424.0 cr unu---uuuuu 170323e20110501xx s 000 0 eng 10.1007/s00191-010-0207-z doi (NATIONALLICENCE)springer-10.1007/s00191-010-0207-z Diversification: a road to inefficiency in product innovations? [Elektronische Daten] [Herbert Dawid, Marc Reimann] Motivated by recent empirical observations made in industries such as the automobile industry, this paper employs an agent-based industry simulation model to examine the strategic relationship between product diversification strategies and some aspects of the product innovation strategy of a single producer. In particular, it is established that an increase in the average degree of product diversification in an industry increases the incentive for a producer to reduce the time to market for innovations at the expense of product quality. However, if all firms adapt their strategies according to these incentives, this results in a severe loss of average firm profits in the industry and also to a reduction in consumer surplus. It is then studied how the strength of this dilemma depends on several parameters describing the market structure and patent policy. Springer-Verlag, 2010 Product innovation nationallicence Product diversification nationallicence Time-to-market nationallicence Agent-based simulation nationallicence Dawid Herbert Department of Business Administration and Economics, Bielefeld University, P.O. Box 100131, 33501, Bielefeld, Germany aut Reimann Marc Institute of Statistics and Operations Research, University of Graz, Graz, Austria aut Journal of Evolutionary Economics Springer-Verlag 21/2(2011-05-01), 191-229 0936-9937 21:2<191 2011 21 191 https://doi.org/10.1007/s00191-010-0207-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00191-010-0207-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Dawid Herbert Department of Business Administration and Economics, Bielefeld University, P.O. Box 100131, 33501, Bielefeld, Germany aut NATIONALLICENCE 700 1- Reimann Marc Institute of Statistics and Operations Research, University of Graz, Graz, Austria aut NATIONALLICENCE 773 0- Journal of Evolutionary Economics Springer-Verlag 21/2(2011-05-01), 191-229 0936-9937 21:2<191 2011 21 191 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer