Competition and Growth: Reinterpreting their Relationship

Daria Onori

Working Papers from HAL

Abstract: In this paper we modify a standard quality ladder model by assuming that R&D is driven by outsider firms and the winners of the race sell licenses over their patents, instead of entering directly the intermediate good sector. As a reward they get the aggregate profit of the industry. Moreover, in the intermediate good sector firms compete à la Cournot and it is assumed that there are spillovers represented by strategic complementarities on costs. We prove that there exists an interval of values of the spillover parameter such that the relationship between competition and growth is an inverted-U-shape.

Keywords: strategic complementarities; quality ladder; Cournot oligopoly; competition (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-com and nep-cse
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00806994v1
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Related works:
Journal Article: Competition and Growth: Reinterpreting their Relationship (2015)
Working Paper: Competition and Growth: Reinterpreting their Relationship (2013)
Working Paper: Competition and growth: reinterpreting their relationship (2010)
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