Demand-Driven Innovation and Spatial Competition over Time
AbstractThis paper explores a model of innovation and spatial co mpetition over time. A key implication of the paper is that firms' size is posit ively autocorrelated across time. The mechanism that generates this persistence works only in heterogenous product markets and is based on the idea that larger firms possess better information about the design of future products. Some corro borating evidence is cited. Copyright 1987 by The Review of Economic Studies Limited.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of Economic Studies.
Volume (Year): 54 (1987)
Issue (Month): 1 (January)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527
Other versions of this item:
- Jovanovic, Boyan & Rob, Rafael, 1985. "Demand-Driven Innovation and Spatial Competition Over Time," Working Papers 85-34, C.V. Starr Center for Applied Economics, New York University.
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- Rustam Ibragimov, 2005. "Portfolio Diversification and Value At Risk Under Thick-Tailedness," Yale School of Management Working Papers amz2386, Yale School of Management, revised 01 Aug 2005.
- Massimiliano Bratti & Giulia Felice, 2012.
"Are Exporters More Likely to Introduce Product Innovations?,"
The World Economy,
Wiley Blackwell, vol. 35(11), pages 1559-1598, November.
- Massimiliano Bratti & Giulia Felice, 2011. "Are Exporters More Likely to Introduce Product Innovations?," Development Working Papers 306, Centro Studi Luca d\'Agliano, University of Milano, revised 09 May 2011.
- Rustam Ibragimov, 2004. "Shifting paradigms: on the robustness of economic models to heavy-tailedness assumptions," Econometric Society 2004 Latin American Meetings 105, Econometric Society.
- Rustam Ibragimov, 2008. "A tale of two tails: peakedness properties in inheritance models of evolutionary theory," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 597-613, October.
- Bing Jing & Roy Radner, 2004. "Nonconvex Production Technology and Price Discrimination," Econometric Society 2004 North American Summer Meetings 513, Econometric Society.
- David Greenstreet, 2007. "Exploiting Sequential Learning to Estimate Establishment-Level Productivity Dynamics and Decision Rules," Economics Series Working Papers 345, University of Oxford, Department of Economics.
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