View in EDS HTML Full Text PDF Full Text

Never‐Ending Search for Innovation.

Saved in:
Bibliographic Details
Title: Never‐Ending Search for Innovation.
Authors: Benkert, Jean‐Michel1 (AUTHOR) jean-michel.benkert@unibe.ch, Letina, Igor1,2 (AUTHOR) igor.letina@unibe.ch
Source: Journal of Industrial Economics. Jun2025, Vol. 73 Issue 2, p384-387. 4p.
Subjects: Technological innovations, Research & development projects, Probability theory, Decision making, Dynamic models, Corporate investments, Heterogeneity
Abstract: We provide a model of investment in innovation that is dynamic, features multiple heterogeneous research projects of which only one potentially leads to success, and in each period, the researcher chooses the set of projects to invest in. We show that if a search for innovation starts, it optimally does not end until the innovation is found—which will be never with a strictly positive probability. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Industrial Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
Full text is not displayed to guests.
FullText Links:
  – Type: pdflink
Text:
  Availability: 1
Header DbId: egs
DbLabel: Engineering Source
An: 185907796
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: Never‐Ending Search for Innovation.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Benkert%2C+Jean‐Michel%22">Benkert, Jean‐Michel</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> jean-michel.benkert@unibe.ch</i><br /><searchLink fieldCode="AR" term="%22Letina%2C+Igor%22">Letina, Igor</searchLink><relatesTo>1,2</relatesTo> (AUTHOR)<i> igor.letina@unibe.ch</i>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="JN" term="%22Journal+of+Industrial+Economics%22">Journal of Industrial Economics</searchLink>. Jun2025, Vol. 73 Issue 2, p384-387. 4p.
– Name: Subject
  Label: Subjects
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Technological+innovations%22">Technological innovations</searchLink><br /><searchLink fieldCode="DE" term="%22Research+%26+development+projects%22">Research & development projects</searchLink><br /><searchLink fieldCode="DE" term="%22Probability+theory%22">Probability theory</searchLink><br /><searchLink fieldCode="DE" term="%22Decision+making%22">Decision making</searchLink><br /><searchLink fieldCode="DE" term="%22Dynamic+models%22">Dynamic models</searchLink><br /><searchLink fieldCode="DE" term="%22Corporate+investments%22">Corporate investments</searchLink><br /><searchLink fieldCode="DE" term="%22Heterogeneity%22">Heterogeneity</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: We provide a model of investment in innovation that is dynamic, features multiple heterogeneous research projects of which only one potentially leads to success, and in each period, the researcher chooses the set of projects to invest in. We show that if a search for innovation starts, it optimally does not end until the innovation is found—which will be never with a strictly positive probability. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Journal of Industrial Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=185907796
RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1111/joie.12413
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 4
        StartPage: 384
    Subjects:
      – SubjectFull: Technological innovations
        Type: general
      – SubjectFull: Research & development projects
        Type: general
      – SubjectFull: Probability theory
        Type: general
      – SubjectFull: Decision making
        Type: general
      – SubjectFull: Dynamic models
        Type: general
      – SubjectFull: Corporate investments
        Type: general
      – SubjectFull: Heterogeneity
        Type: general
    Titles:
      – TitleFull: Never‐Ending Search for Innovation.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Benkert, Jean‐Michel
      – PersonEntity:
          Name:
            NameFull: Letina, Igor
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 06
              Text: Jun2025
              Type: published
              Y: 2025
          Identifiers:
            – Type: issn-print
              Value: 00221821
          Numbering:
            – Type: volume
              Value: 73
            – Type: issue
              Value: 2
          Titles:
            – TitleFull: Journal of Industrial Economics
              Type: main
ResultId 1