Leadership Contestability, Monopolistic Rents and Growth

Leadership Contestability, Monopolistic Rents and Growth
I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We obtain three results that contrast with standard Schumpeterian models, such as Aghion and Howitt... READ MORE...

Publication date: March 2011
ISBN 9781455228072
$18.00

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