Keilbach, Max; Sanders, Mark - Wirtschaftswissenschaftliche Fakultät, … - 2007
We formulate a model that explicitly separates two functions in the innovation process: The introduction of new goods … stable non trivial allocation of labor to production, innovation and entrepreneurship. We compute the steady state allocation … of labor to production, R+D and Entrepreneurship. We show that the innovation rate decreases if one of the innovative …