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Potere di mercato ed innovazione tecnologica nei recenti modelli di crescita endogena con concorrenza imperfetta

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Author Info
Alberto Bucci ()

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Abstract

This paper overviews the main interactions between product market competition and long run growth.We focus on the first generation of R&D-based growth models and keep distinguished the vertical from the horizontal differentiation approaches. Our main objective is to study why these two branches of the same literature give different predictions as far as the long-run relationship between competition and growth is concerned. At this aim we introduce a generalised version of the growth models with horizontal differentiation and deterministic R&D activity which allows us to highlight the main differences between the two research lines. In the second part of the article we also review the literature that endogenises the markups and eliminates the scale-effects prediction.

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Publisher Info
Paper provided by Department of Economics University of Milan Italy in its series Departemental Working Papers with number 2002-05.

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Date of creation: 01 Jan 2002
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Handle: RePEc:mil:wpdepa:2002-05

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Related research
Keywords: Product Differentiation; Market Power; Technological Change; Endogenous Growth;

Find related papers by JEL classification:
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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