This dissertation consists of three essays on the effects of intellectual property rights protection on market structure and social welfare in the Indian pharamaceutical industry. In contrast to pharmaceutical industries in the developed world, India had historically enforced a weak system of intellectual property rights protection that eliminated most legal barriers to entry in its pharmaceuti...

Global production networks (GPN) research has given limited attention to lead firms’ competitive strategies in emerging project-based industries (PBIs). Informed by the industry life cycle approach, authors develop a process-sensitive approach that unpacks black-boxed notion of capabilities development processes address this gap. The is operationalized analysis evolutionary trajectories Ørsted ...

We explore how firm capabilities affect the diffusion of technology brought with foreign direct investment (FDI). Using a panel dataset on Indonesian manufacturers from 1988 to 1996, we measure how the productivity of differing domestic firms responds to the entry of multinational competitors. We find that firms with investments in research and development and firms with highly educated employe...

Using real options game models, we consider the characterization of strategic equilibria associated with an asymmetric R&D race between an incumbent firm and an entrant firm in the development of a new substitute product under market and technological uncertainties. The random arrival time of the discovery of the patent protected innovative product is modeled as a Poisson process. Input spillov...

We examine how firms in the U.S.-based IT industry adjust their innovation strategy based on two factors that have been under-studied in the literature: the potential new entry threats the firm faces in its product market, and the firm’s governance structure. We argue that: 1) turbulence in the product markets caused by threat from entrepreneurial startups affects the focal firm’s investments i...

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Using a comprehensive database of European firms, we study the effect of market entry regulations on the creation of new limited-liability firms, the average size of entrants, and the growth of incumbent firms. We find that costly regulations hamper the creation of new firms, especially in industries that should naturally have high entry. These regulations also force new entrants to be see fron...

The confluence of nanotechnology and biotechnology provides significant commercial opportunities. By identifying, classifying and tracking firms with capabilities in both biotechnology and nanotechnology over time, we analyze the emergence and evolution of the global nanobiotechnology industry. Research in nanotechnology has expanded rapidly in the last 15 years, but the development of commerci...

This paper considers a supply chain where a manufacturer sells its product through a retailer. In such a market, a potential entrant can make a substitute product by imitating the incumbent's product and then sells it to the common market with one of three alternative entry modes: (i) selling through the incumbent's retailer, (ii) selling through another independent retailer, or (iii) selling d...