Innovation Dynamics and Endogenous Market Structure PDF Download

Author: Sandra Gottschalk
Publisher:
ISBN:
Category :
Languages : en
Pages : 24

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Author: John Beath
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :

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Author: Federico Etro
Publisher: Springer Science & Business Media
ISBN: 3540874275
Category : Business & Economics
Languages : en
Pages : 363

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This is a key year for the evolution of international markets. The global economy is experiencing the most severe downturn since the thirties, it is temporarily leaving a path of sustained growth that characterized the last decades, and is facing an impressive decline of trade between countries. Banks are going bankrupt, the stock market has crashed, rms are going out of bu- ness or drastically reducing their production and exports, workers are being red and investment in new business creation or innovation is shrinking. Meanwhile, consumers con dence has dropped at its minimum, aggregate demand has been declining for months and expansionary policies and int- national coordination have failed to counteract the crisis until now. It is quite likely that all this will change sooner or later, but at the end of this crisis our understanding of the macroeconomy may change as well. In front of these crucial events, this book is not an attempt at proposing a radically new way of interpreting macroeconomic phenomena, and, as a m- ter of fact, it is not even a book on macroeconomic theory. My more modest goal is to collect a number of insights derived from recent research on the role of competition and innovation in the analysis of three topics: business cycles, trade and growth through innovations.

Author: Ronald L. Goettler
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes both the long-run innovation rate and market structure. We use the model to examine how various determinants of competition, such as product substitutability, entry costs, and innovation spillovers, affect firms' equilibrium strategies for entry, exit, and investment in product quality. We find an inverted-U relationship between product substitutability and innovation: the returns to innovation initially rise for all firms but eventually, as the market approaches a winner-take-all environment, laggards have few profit scraps to fight over and give up pursuit of the leader, knowing he will defend his lead. The increasing portion of the inverted-U reflects changes in firm's investment policy functions, whereas the decreasing portion arises from the industry transiting to states with fewer firms and wider quality gaps. Allowing market structure to be endogenous yields different results compared to extant work that fixes the market structure.

Author: Cristiano Antonelli
Publisher: Edward Elgar Publishing
ISBN: 178254514X
Category : Business & Economics
Languages : en
Pages : 304

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This ground-breaking new book builds upon the Schumpeterian creative response. The author shows that firms, in out-of-equilibrium conditions, try and react by means of introducing innovations. The success of their reaction is contingent upon their access conditions to knowledge, which are shaped by the system in which they operate. The emergence of new innovations can, in turn, knock firms further out-of-equilibrium and cause changes in the system properties that govern their access to external knowledge. This path dependent loop of interactions between the system properties and the individual actions of firms, accounts for endogenous innovation and the dynamics of the system.

Author: Giovanni Dosi
Publisher: Edward Elgar Publishing
ISBN: 9781782541851
Category : Business & Economics
Languages : en
Pages : 728

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Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the

Author: Werner Smolny
Publisher: Springer Science & Business Media
ISBN: 9783790813203
Category : Business & Economics
Languages : en
Pages : 290

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This book contains a theoretical and empirical analysis of the sources of technological change and economic growth. The first part takes an aggregate view at the growth process. Scale economies and knowledge spillovers are analysed with a broad panel of sectoral data for Germany and the United States. The second part contains a micro analysis of endogenous innovations and knowledge spillovers. The determinants of innovations are analysed and the effects of innovations on productivity and market behaviour are discussed. The models are estimated with a broad panel of firm level data from the ifo firm panel.

Author: Federico Etro
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Kiminori Matsuyama
Publisher:
ISBN:
Category : Markets
Languages : en
Pages : 40

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In existing models of endogenous innovation cycles, market size alters the amplitude of fluctuations without changing the nature of fluctuations. This is due to the ubiquitous assumption of CES homothetic demand system, implying that monopolistically competitive firms sell their products at an exogenous markup rate in spite of the empirical evidence for the procompetitive effect of entry and market size. We extend a model of endogenous innovation cycles to allow for the procompetitive effect, using a more general homothetic demand system, which contains both CES and translog as special cases. We show that a larger market size and/or a smaller innovation cost, which causes the markup rate to decline through the procompetitive effect, has destabilizing effects on the dynamics of innovation.

Author: Tuomas Saarenheimo
Publisher:
ISBN:
Category : Business enterprises - Finland - Technological innovations
Languages : en
Pages : 148

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