James M. Zolnierek (Federal Communications Commission)
Abstract
This paper contains an analysis of a quality ladders growth model with firm-level decreasing returns R&D technology. This analysis explains the relationship between competition in R&D races and firm R&D efforts. While competition proves to have a positive effect on industry growth rates, the relationship between competition and individual firm R&D effort is negative and dominated by intertemporal effects. The analysis also demonstrates that differences between the socially optimal and free market growth rates increase as the economy's resource endowment increases.
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Volume (Year): 24 (1998) Issue (Month): 3 (Summer) Pages: 293-308 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: O32 - Economic Development, Technological Change, and Growth - - Technological Change - - - Management of Technological Innovation and R&D D21 - Microeconomics - - Production and Organizations - - - Firm Behavior L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
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