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DTSTART:20070311T020000
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BEGIN:VEVENT
DTSTAMP:20260901T140147
DTSTART;TZID=America/Detroit:20260918T100000
DTEND;TZID=America/Detroit:20260918T112000
SUMMARY:Workshop / Seminar:Innovation Policy in Product-Line Markets: Evidence from GPUs
DESCRIPTION:I study the effects of innovation policies in product-line markets\, using a dynamic oligopoly model with endogenous pricing\, product-line adjustment\, and R&D. I apply the model to the desktop GPU market\, a duopoly between NVIDIA and AMD. I find that a dollar of R&D generates about $9.0 of within-market surplus net of that dollar\, with the firms capturing $3.0 and consumers the rest. But the return to public support is far more modest. I simulate three stylized interventions: an R&D credit and two product rebates\, one at the cutting edge and one on the mass market. Only the R&D credit induces a material increase in private R&D\, but it returns only $0.51 of surplus per public dollar because additionality is low: most of its outlay reimburses research the firms would have conducted anyway. The rebate on cutting-edge products returns only $0.23 per public dollar and sets back the technology frontier. Subsidizing both firms\, it ignites a price war at the top of the line\, benefiting consumers but undercutting the reason firms advance the frontier. The mass-market rebate sets off the same war lower down the product line but expands adoption enough that R&D survives\, returning $1.09 per public dollar. These results suggest that innovation policy in product-line markets is a more intricate design problem than in markets with simpler structure. Each instrument induces a distinct equilibrium response in prices\, qualities\, and R&D. The static and dynamic components of that response can offset or reinforce each other\, attenuating or even reversing the intended effect.
UID:151329-21911377@events.umich.edu
URL:https://events.umich.edu/event/151329
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Industrial Organization,seminar,Economics
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260909T121814
DTSTART;TZID=America/Detroit:20261002T100000
DTEND;TZID=America/Detroit:20261002T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, October 2
DESCRIPTION:--
UID:151833-21912240@events.umich.edu
URL:https://events.umich.edu/event/151833
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260909T121942
DTSTART;TZID=America/Detroit:20261014T093000
DTEND;TZID=America/Detroit:20261014T105000
SUMMARY:Workshop / Seminar:Join Energy & Environmental Economics and Industrial Organization Seminar: Wednesday\, October 14
DESCRIPTION:--
UID:151827-21912235@events.umich.edu
URL:https://events.umich.edu/event/151827
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Energy,Environment,seminar
LOCATION:North Quad - 4325
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260909T160101
DTSTART;TZID=America/Detroit:20261023T100000
DTEND;TZID=America/Detroit:20261023T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, October 23
DESCRIPTION:--
UID:151850-21912269@events.umich.edu
URL:https://events.umich.edu/event/151850
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260909T160307
DTSTART;TZID=America/Detroit:20261030T100000
DTEND;TZID=America/Detroit:20261030T112000
SUMMARY:Workshop / Seminar:Joint Business Economics\, Industrial Organization\, and Energy & Environmental Economics Seminar: Friday\, October 30
DESCRIPTION:--
UID:151851-21912270@events.umich.edu
URL:https://events.umich.edu/event/151851
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Business,seminar,Industrial Organization,Environment,Energy,Economics
LOCATION:North Quad - 4300
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260909T160441
DTSTART;TZID=America/Detroit:20261106T100000
DTEND;TZID=America/Detroit:20261106T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, November 6
DESCRIPTION:--
UID:151852-21912271@events.umich.edu
URL:https://events.umich.edu/event/151852
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260909T160558
DTSTART;TZID=America/Detroit:20261211T100000
DTEND;TZID=America/Detroit:20261211T112000
SUMMARY:Workshop / Seminar:Industrial Organization Seminar: Friday\, December 11
DESCRIPTION:--
UID:151853-21912272@events.umich.edu
URL:https://events.umich.edu/event/151853
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Industrial Organization,seminar
LOCATION:North Quad - 4300
CONTACT:
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