Income, Endogenous Market Structure and Innovation

• المؤلفون الرئيسيون: LIN, Mei, LI, Shaojin, Whinston, Andrew B.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2010
• الموضوعات: Innovation; market structure; income inequality; computation; Computer Sciences; Technology and Innovation
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/sis_research/1728; https://ink.library.smu.edu.sg/context/sis_research/article/2727/viewcontent/SSRN_id1622835.pdf
• المؤسسة: Singapore Management University

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...