Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94160
Authors: 
Bester, Helmut
Milliou, Chrysovalantou
Petrakis, Emmanuel
Year of Publication: 
2009
Series/Report no.: 
SFB/TR 15 Discussion Paper 287
Abstract: 
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output market but also by engaging in productivity enhancing innovations to reduce labor costs. Rent sharing may generate productivity dependent wage differentials. Productivity growth creates intertemporal spill-over effects, which affect the incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path.
Subjects: 
innovation
laborproductivity
oligopoly
wagedifferentials
productivitygrowth
industrydynamics
JEL: 
D24
D42
D92
J31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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