Logo des Repositoriums
Zur Startseite
  • English
  • Deutsch
Anmelden
  1. Startseite
  2. SuUB
  3. Forschungsdokumente
  4. Knowledge transfer, transitional dynamics and optimal Research & Development policy in a dynamic monopoly setting
 
Zitierlink DOI
10.26092/elib/201

Knowledge transfer, transitional dynamics and optimal Research & Development policy in a dynamic monopoly setting

Veröffentlichungsdatum
2020
Autoren
Klarl, Torben  
Zusammenfassung
This paper focuses on the question whether or not a reduction of the knowledge barrier is good for welfare. Based on a dynamic monopoly setting with simultaneous investment decisions in process as well as in product Research & Development (R&D), we show that a reduction of the knowledge barrier has ambiguous welfare consequences: Due to a lower knowledge barrier, product quality and welfare increase in the short-run. However, this may not necessarily be the case in the long-run. One reason is that a positive long-lasting knowledge barrier shock triggers the monopolist to sub-optimally lower its product R&D investments today and in the future at the cost of future product quality. This in turn may reduce welfare. Accordingly, to realize the first-best level of product quality, the long-run optimal R&D subsidy rate for product innovations increase with a reduction of the knowledge barrier.
Schlagwörter
Process and product innovation

; 

learning by doing

; 

knowledge spillovers

; 

optimal taxation

; 

dynamic monopoly analysis
Institution
Universität Bremen  
Fachbereich
Fachbereich 07: Wirtschaftswissenschaft (FB 07)  
Institute
IERP - Institute for Economic Research and Policy  
Dokumenttyp
Artikel/Aufsatz
Zeitschrift/Sammelwerk
Bremen Papers on Economics & Innovation  
Seitenzahl
29
Zweitveröffentlichung
Nein
Sprache
Deutsch
Dateien
Lade...
Vorschaubild
Name

00108533-1.pdf

Size

2.21 MB

Format

Adobe PDF

Checksum

(MD5):c22c2bf52309a1a65baf6d036797efea

Built with DSpace-CRIS software - Extension maintained and optimized by 4Science

  • Datenschutzbestimmungen
  • Endnutzervereinbarung
  • Feedback schicken