In the standard Schumpeterian-growth models only follower firms invest in R&D activities and larger economies grow faster. Since these results are counterfactual, this paper reveals that leader firms often support R&D activities and economic growth can be independent of the market size. In particular, the maintenance of R&D leadership increases with: (i) the technological-knowledge gap between leader and followers, since a firm-specific learning effect of accumulated technological knowledge from past R&D is considered, (ii) the leaders’ strategies that delay the next successful R&D supported by some follower firm, (iii) the market size, and (iv) the up-grade of each innovation
We consider technology leaders (which are innovators) and technology followers (which are non-innova...
We consider technology leaders (which are innovators) and technology followers (which are non-innova...
The question this paper addresses is how the market structure evolves due to innovative activities w...
In the standard Schumpeterian-growth models only follower firms invest in R&D activities and larger...
In the standard Schumpeterian-growth models only follower firms invest in R&D activities and larger...
In the standard Schumpeterian-growth models only follower firms invest in R&D activities and lar...
In the context of an infinitely repeated R&D-race, where firms do not only choose their research eff...
In the context of an infinitely repeated R&D-race, where firms do not only choose their research eff...
I construct an endogenous growth model where R&D is carried out at the industry level in a game of i...
In this article, we consider technology leaders (which are innovators) and technology followers (whi...
We show that whether a technology leader invests more in R&D compared to a technology follower may d...
We show that whether a technology leader invests more in R&D compared to a technology follower may d...
A new rationale for the persistence of monopolies is based on a precommitment of the incumbent monop...
A new rationale for the persistence of monopolies is based on a precommitment of the incumbent monop...
We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Ove...
We consider technology leaders (which are innovators) and technology followers (which are non-innova...
We consider technology leaders (which are innovators) and technology followers (which are non-innova...
The question this paper addresses is how the market structure evolves due to innovative activities w...
In the standard Schumpeterian-growth models only follower firms invest in R&D activities and larger...
In the standard Schumpeterian-growth models only follower firms invest in R&D activities and larger...
In the standard Schumpeterian-growth models only follower firms invest in R&D activities and lar...
In the context of an infinitely repeated R&D-race, where firms do not only choose their research eff...
In the context of an infinitely repeated R&D-race, where firms do not only choose their research eff...
I construct an endogenous growth model where R&D is carried out at the industry level in a game of i...
In this article, we consider technology leaders (which are innovators) and technology followers (whi...
We show that whether a technology leader invests more in R&D compared to a technology follower may d...
We show that whether a technology leader invests more in R&D compared to a technology follower may d...
A new rationale for the persistence of monopolies is based on a precommitment of the incumbent monop...
A new rationale for the persistence of monopolies is based on a precommitment of the incumbent monop...
We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Ove...
We consider technology leaders (which are innovators) and technology followers (which are non-innova...
We consider technology leaders (which are innovators) and technology followers (which are non-innova...
The question this paper addresses is how the market structure evolves due to innovative activities w...