haku: @indexterm technological innovation / yhteensä: 1312
viite: 627 / 1312
Tekijä: | Goel, R. K. |
Otsikko: | Innovation, market structure and welfare a Stackelberg model |
Lehti: | Quarterly Review of Economics and Business
1990 : SPRING, VOL. 30:1, p.40-53 |
Asiasana: | INNOVATION TECHNOLOGICAL INNOVATION |
Kieli: | eng |
Tiivistelmä: | This article introduces a Stackelberg model of production with process innovation. The leader invests in R and D, followers are able to benefit from it without conducting R and D. It is found that the leader invests less in R and D as the fringe expands or as spillovers from research increase. If the leader is more efficient than the fringe, a few firms are socially better than many firms, corroborating Schumpeter's hypothesis. |
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