horizon and an infinite number of investment opportunities. Technological progress is exogenous and modeled either by a … poisson process or a geometric poisson process. For both processes, we characterize the optimal investment strategies. In the … case of a poisson process we show that a cyclical investment pattern, that is adopting every m-th technology is optimal. If …

increase of GDP and an equilibrium of the balance of payment. The model of innovation and investment pulled growth illustrated …, investment, innovation, industrial structure, industrial policies, macroeconomic policies … in the paper, indicates that a greater immaterial investment in R&D, education and project design and planning leads to …

highlights the fact that investment in technical progress is an authentic type of competition which benefits the consumers rather … firms through investment, is high enough. Competition is, in fact, made up of two components: A static one which is known as …

This paper investigates the incentives to invest in improving the quality (as distinguished to investment in a new … activity) in telecommunication industry using the empirical example of wireless markets. We highlight that investment … intensity and penetration rate. We show that there is a target amount of investment for each national market that firms strive …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a …, I find that technical progress, which increases the impact of investment on cost reduction, decreases the level of … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …

Strong development of information technology corresponds to a growing corporate investment into this segment …

exploiting all innovation features while adaptive responses reduce the pace of changes. …

rapid innovation cycle. Nonetheless, we are able to identify functions that enable rich interactions among consumers and … Applications (RIAs). Their constant innovation implies that they develop from baseline communications channels to applications that … strive for framework conditions that enable or even better facilitate innovation as well as dynamic competition. Ultimately …

the globalization of competing markets, especially China and the USA. Therefore, the constant optimization of corporate … subtractive manufacturing processes. Furthermore, additive manufacturing contributes to process optimization and lower logistics …