Document Type
Article
Publication Date
3-2023
Publication Title
Review of Industrial Organization
Department
Department of Economics
Abstract
This paper explains that when there is great uncertainty about which elements of knowledge must be combined to make an invention, the likelihood of invention increases markedly—by many orders of magnitude—when there are numerous diverse research organizations, rather than just a few. The paper examines the possibility that competition (antitrust) policy toward mergers would be improved if enforcement efforts placed more emphasis on protecting the diversity that is provided by numerous research rivals in a market.
DOI
https://doi.org/10.1007/s11151-022-09891-w
Original Citation
John T. Scott, “Research Diversity and Invention,” Review of Industrial Organization,
Vol. 62, Issue 2 (March 2023), pp. 179-197, https://doi.org/10.1007/s11151-022-09891-w.
Dartmouth Digital Commons Citation
Scott, John T., "Research Diversity and Invention" (2023). Dartmouth Scholarship. 4357.
https://digitalcommons.dartmouth.edu/facoa/4357
Comments
This version of the article is the accepted manuscript, after peer review but is not the Version of Record. The Version of Record (John T. Scott, Review of Industrial Organization, Vol. 62, Issue 2 (March 2023), pp. 179-197) is available online at: https://doi.org/10.1007/s11151-022-09891-w.