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.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2004
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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.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
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