Innovation and competition with human capital input

Pu-yan Nie and Yong‐cong Yang

Managerial and Decision Economics, 2023, vol. 44, issue 3, 1779-1785

Abstract: As innovation relies on human capital heavily, it attaches importance to taking human capital into account while investigating the relationship between innovation and competition. This paper establishes a game theory model to capture the effects of competition on innovation with human capital. The major findings indicate that firms with larger scale are more active in innovation investment. Meanwhile, a lessening of competition is beneficial to increase innovation if human capital input is considered. Further, both the Lerner index and social welfare are reduced under less competition. The major findings deny Arrow's conjecture and provide policy implications to improve innovation in practice.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1002/mde.3782

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:44:y:2023:i:3:p:1779-1785

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().