Income, Endogenous Market Structure and Innovation
We investigate the effect of income distribution on R&D in a dynamic framework. Our model captures both the infinite R&D race among heterogeneous innovators and a market where successful innovators generate revenues. The market structure of successful innovations is endogenous – firms produc...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sis_research/1728 https://ink.library.smu.edu.sg/context/sis_research/article/2727/viewcontent/SSRN_id1622835.pdf |
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| Institution: | Singapore Management University |
| Language: | English |