search query: @author Denicolo, V. / total: 9
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| Author: | Denicolo, V. |
| Title: | Growth with non-drastic innovations and the persistence of leadership |
| Journal: | European Economic Review
2001 : AUG, VOL. 45:8, p. 1399-1413 |
| Index terms: | GROWTH INNOVATION LEADERSHIP PRODUCT QUALITY |
| Language: | eng |
| Abstract: | In a model of endogenous growth with improvements in the quality of products, the author provides a new explanation of the persistence of leadership by assuming that innovations are non-drastic and that the current leader has a move advantage in the next patent race. Under these circumstances, the value of being leader exceeds temporary monopoly profit, since the leader reaps an extra-profit in the next patent race despite free entry by outsiders. |
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