Innovation incentives and competition in the hard disk drive industry
Name
775593196-MIT.pdf
Description
Full printable version
Size
4.43 MB
Format
Adobe PDF
Checksum (MD5)
fe15438556ae3ece3d9adca1e0cde8dd
Author(s)
Wu, Xiaohua Sherry
Advisor(s)
Panle Jia Barwick and Stephen P Ryan.
Date Issued
2011
Publisher
Massachusetts Institute of Technology
Abstract
Firms in the hard disk drive industry are continually engaging in R & D and improving the quality of their products. We explore various determinants of the product innovation incentives for firms concerned with both their static and expected future profitability. We estimate the observed innovation outcomes as a function of market condition variables which have significant impact on innovation decisions. In addition, we estimate logit utilities that describe the marginal willingness to pay for quality improvements. One aspect of utility is that the willingness to pay for faster access time to data may be initially low but increases over time. The firms' decisions to introduce faster access time are partly motivated by dynamic considerations.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, 2011.
Cataloged from PDF version of thesis.
Includes bibliographical references (p. 52-53).
Subjects
Economics.
MIT Department
Massachusetts Institute of Technology. Department of Economics
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copyright. They may be viewed from this source for any purpose, but
reproduction or distribution in any format is prohibited without written
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