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In this paper we build an endogenous growth model where human capital and ideas are complements in the long-run equilibrium and technological progress takes the form of a continuous increase in the number of horizontally differentiated varieties of intermediate inputs. One peculiarity of the...
Persistent link: https://www.econbiz.de/10011608626
intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot …
Persistent link: https://www.econbiz.de/10010294690
The legal monopoly granted by the patent system has often been criticized for its inefficiency, which is exacerbated by the peculiarities of knowledge as a public good. In this paper we aim at studying more deeply the latter concern. Hence we build a model in which monopolistic exploitation does...
Persistent link: https://www.econbiz.de/10013020858
In this paper we build an endogenous growth model where human capital and ideas are complements in the long-run equilibrium and technological progress takes the form of a continuous increase in the number of horizontally differentiated varieties of intermediate inputs. One peculiarity of the...
Persistent link: https://www.econbiz.de/10014131913
In this paper we build an endogenous growth model where human capital and ideas are complements in the long-run equilibrium and technological progress takes the form of a continuous increase in the number of horizontally differentiated varieties of intermediate inputs. One peculiarity of the...
Persistent link: https://www.econbiz.de/10014145524
product (or "downstream") sector. Innovation takes place in both sectors. Following Gilbert and Shapiro (1990), we define … in the downstream sector increases the incentives of agents to do R&D in that sector but discourages innovation in the … downstream sector slows it down. We show that regardless of parameter values, welfare maximizing, rate of innovation maximizing …
Persistent link: https://www.econbiz.de/10014046246
intricate reverse engineering are. Unlike similar step-by-step innovation models of economic growth, the model assumes Cournot …
Persistent link: https://www.econbiz.de/10010270491
construct an endogenous growth model with spatial heterogeneity and agglomeration spillovers in innovation. Aggregate outcomes …
Persistent link: https://www.econbiz.de/10013308970
endogenous growth model with horizontal innovation. Product market competition is measured by (1-Lerner index) and depends on …
Persistent link: https://www.econbiz.de/10014209605
We study how frictions in learning others' technology, termed "imperfect technology spillovers," impact firm innovation … strategies and the aggregate economy through changes in innovation composition. We develop an endogenous growth model that … generates strategic innovation decisions, where multi-product firms improve their products via own-innovation and enter new …
Persistent link: https://www.econbiz.de/10015163046