R&D Cooperation, Innovation, and Growth
Journal
Journal of Institutional and Theoretical Economics
ISSN
0932-4569
ISSN-Digital
1614-0559
Type
journal article
Date Issued
2006-12-01
Author(s)
Abstract
This paper presents a standard endogenous growth framework in which the source of growth is represented by vertical innovations. The crucial assumption we introduce is that there is a positive information gap concerning the discovery of innovation. The aim of reducing the information-dissemination lag provides incentives for firms to decide to merge their research efforts. Also, we find that the skilled - unskilled wage gap is strongly related to this phenomenon. We prove that changing antitrust attitudes toward efficiency-motivated mergers in contestable industries may simultaneously explain observed changes in the industry structure, qualitative innovation, wage inequality, and labor-supply composition.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Economic Policy
Refereed
Yes
Publisher
Mohr Siebeck
Publisher place
Tübingen
Volume
162
Number
4
Start page
683
End page
701
Pages
19
Subject(s)
Eprints ID
222069