R&D spillovers and strategic delegation in oligopolistic contests

Article Abstract:

Contest competition as an alternative form of oligopoly is discussed to show that asymmetric solutions in a three-stage game with R&D investments and strategic delegation exists. It is reported that if R&D spillovers are maximal, collusive market outcomes become likely, which makes strategic delegation less important.

Financial management, Company investment, Investments, Influence, Externalities (Economics)

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Comment on "Aggregate returns to scale and embodied technical change: theory and measurement using stock market data"

Article Abstract:

An innovative mechanism is provided, through which both continuous and revolutionary technological change can enter the Solow model. This model includes a frontier technology that is embodied equally in all new capital, which includes both physical capital and intangible stocks of applied knowledge.

United States, Forecasts, trends, outlooks, Models, Innovations, Forecasts and trends, Market trend/market analysis, Stock markets, Stock market

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