テクニカルレポート

ディスカッション／ワーキング・ペーパー

text

Discussion Papers In Economics And Business. 2018, 15-30-Rev., p. 1-36

Innovation by Heterogeneous Leaders

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

text

2018-04

http://www2.econ.osaka-u.ac.jp/library/global/dp/1530R.pdf

* Revised： [15-30, 2015]

We develop a Schumpeterian growth model in which both leaders and followers conduct R&D activities and in which leaders have different quality leads over their followers, determined by a random draw, and thus have different profit flows. We show that leaders with larger quality leads make smaller R&D investments; this result is consistent with the actual behaviors of some previous leader firms such as Sony and Eastman–Kodak. Moreover, we show that subsidizing followers’ R&D can promote leaders’ aggregate R&D, because promotion of followers’ R&D decreases (increases) the number of leaders with larger (smaller) quality leads and smaller (larger) R&D investments.

54439

Innovation by Heterogeneous Leaders

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2018-04

Discussion Papers In Economics And Business

15-30-Rev.

1

36

https://hdl.handle.net/11094/54439

http://www2.econ.osaka-u.ac.jp/library/global/dp/1530R.pdf