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Endogenous specialization of heterogeneous innovative activities of firms under technological spillovers
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 2743167
Author(s) Bondarev, Anton
Author(s) at UniBasel Bondarev, Anton
Year 2014
Title Endogenous specialization of heterogeneous innovative activities of firms under technological spillovers
Journal Journal of Economic Dynamics and Control
Volume 38
Pages / Article-Number 235-249
Keywords Dynamics ; control ; Technology spillovers ; Innovations ; Multiproduct ; Distributed ; Differential games
Abstract This paper proposes a reduced form model of dynamic duopoly in the context of heterogeneous innovations framework. Two agents invest into expansion of variety of available products and into the improvement of quality of existing products simultaneously. Every newly introduced product has its own dimension of quality-improving innovations and there is a continuum of possible new products. In the area of quality innovations the costless imitation effect is modelled while in the area of variety expanding innovations agents are cooperating with each other. As a result the specialization of innovative activity is observed. This specialization arises from strategic interactions of agents in both fields of innovative activity and is endogenously defined from the dynamics of the model
Publisher Elsevier B. V.
ISSN/ISBN 0165-1889
edoc-URL http://edoc.unibas.ch/50626/
Full Text on edoc No
Digital Object Identifier DOI 10.1016/j.jedc.2013.10.002
ISI-Number 000330086200013
Document type (ISI) Article
 
   

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