| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3054 |
| DP3054 Cost of Delay, Deadlines and Endogenous Price Leadership | |
| Tuvana Pastine; Ivan Pastine | |
| 发表日期 | 2001-11-11 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones, which are produced by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation in the long run. These effects would be reinforced if philanthropical inventors sometimes came out with another version of an existing proprietary good. Dynamics can also be characterized and it is shown that the impact effect of free inventions on growth is positive. |
| 主题 | International Macroeconomics |
| 关键词 | Innovation R&d Growth Open source Philanthropy Monopoly Imperfect competition Software industry |
| URL | https://cepr.org/publications/dp3054 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532089 |
| 推荐引用方式 GB/T 7714 | Tuvana Pastine,Ivan Pastine. DP3054 Cost of Delay, Deadlines and Endogenous Price Leadership. 2001. |
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