Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/158977
Autor:innen: 
Denicolo', Vincenzo
Delbono, Flavio
Datum: 
1992
Schriftenreihe/Nr.: 
Quaderni - Working Paper DSE No. 134
Verlag: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Zusammenfassung: 
In this paper we reconsider the well known Schumpeterian hypotesis stating the superiority of monopoly over competition in generating fast technological progress. This hypotesis has been challenged by Arrow (1962) and Dasgupta and Stiglitz (1980), who have shown that a monopolist has lower incentives to innovate. After reassessing arrow's and Dasgupta and Stiglitz's argumet, we show that their conclusion can be reserved and the Schumpeterian conjecture can be confirmed. More precisely, if by "competitive industry" we mean a large Cournot market, then, for small innovations, we show that a monopolist invests in R&D more than such an industry.
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
https://creativecommons.org/licenses/by-nc/3.0/
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
287.17 kB





Publikationen in EconStor sind urheberrechtlich geschützt.