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- W1551168156 abstract "This paper models a dynamic innovation process to examine the relationship between levels of R and D and market structure. In contrast to most of the literature, here R and D increases firms' knowledge stocks, making future R and D less costly. This s a feedback by which market structures can affect levels of R and D. In general while an increase in the number of firms reduces R and D per firm, industry R and D increases. The model also endogenizes the number of firms using a zero profit condition." @default.
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- W1551168156 date "2002-04-19" @default.
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- W1551168156 title "On the Number of Firms and the Quantity of Innovation" @default.
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