A Note on Schumpeter's Innovation Hypothesis

This note reveals that while the monopolist has ideal incentives to innovate, consistent with Schumpeter’s original hypothesis, the oligopolist’s incentive to innovate is non-monotonic in its market share and approaches that of the monopolist in the limit as the number of identical firms grows large. Numerical simulations indicate that the incentive to innovate for the relatively efficient oligopolist exceeds 83% of that of the monopolist

MoreLess

Year of publication:	[2021]
Authors:	Weisman, Dennis
Publisher:	[S.l.] : SSRN
Subject:	Innovation \| Schumpeterismus \| Schumpeterian approach \| Theorie \| Theory

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (13 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 16, 2021 erstellt
Other identifiers:	10.2139/ssrn.3906150 [DOI]
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013215587