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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3262 |
DP3262 Factor Saving Innovation | |
Michele Boldrin; David Levine | |
发表日期 | 2002-03-20 |
出版年 | 2002 |
语种 | 英语 |
摘要 | We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay between increasing returns and monopolistic markets. In fact, established wisdom claims monopoly power to be instrumental for innovation and sees the non-rivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the positive description of previous models and the normative conclusion that monopoly through copyright and patent is socially beneficial. |
主题 | International Macroeconomics |
关键词 | Innovation Endogenous technological change Monopoly power |
URL | https://cepr.org/publications/dp3262 |
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/532289 |
推荐引用方式 GB/T 7714 | Michele Boldrin,David Levine. DP3262 Factor Saving Innovation. 2002. |
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