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| Tekijä: | Gersbach, H. Schmutzler, A. |
| Otsikko: | Endogenous Technological Spillovers: Causes and Consequences |
| Lehti: | Journal of Economics & Management Strategy
2003 : VOL. 12:2, p. 179-206 |
| Asiasana: | TECHNOLOGY R&D COSTS R&D INNOVATION |
| Kieli: | eng |
| Tiivistelmä: | The authors develop a new approach to endogenizing technological spillovers. The authors analyze a game in which firms can first invest in cost-reducing R&D, then compete on the human-capital market for their knowledge-bearing employees, and finally enter the product market. If R&D employees change firms, spill overs arise. The authors show that technological spillovers are most likely when they increase total industry profits. The authors use this result to show that innovation incentives are usually stronger for endogenous than for exogenous spillovers and that endogenous spillovers may reverse the result that innovation incentives are stronger under quantity competition than under price competition. |
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