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What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
Persistent link: https://www.econbiz.de/10010748305
We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …
Persistent link: https://www.econbiz.de/10010877748
This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an … unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum … persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the …
Persistent link: https://www.econbiz.de/10005013049
own innovation. The analysis predicts that the willingness to enforce IPR is U-shaped in a country GDP: small … enforcement of IPR yields a higher level of innovation and global welfare only if the developing country does not innovate. A …
Persistent link: https://www.econbiz.de/10010670798
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … information maximum likelihood using two unbalanced panels of Dutch and French manufacturing firms from three waves of the …
Persistent link: https://www.econbiz.de/10010670799
information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers …. Instrumenting the stock of literate people with information on the number of blind and deaf-mute people we also establish the direct … causal effect of human capital on income, net of the innovation channel. …
Persistent link: https://www.econbiz.de/10010693473
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10010697223
The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry … on supermodularity and submodularity tests for obstacles to innovation (in the present application: lack of finance … sources, lack of skilled personnel, lack of cooperation opportunities and lack of information on technology or markets). The …
Persistent link: https://www.econbiz.de/10008534024
environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of … aspects of product and labour market regulation which have implications for technological innovation, such as product and …
Persistent link: https://www.econbiz.de/10005000383
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10005034642