Skip to main content

Research Repository

Advanced Search

R&D cooperation, innovation, and growth

Cozzi, G.; Tarola, O.

Authors

G. Cozzi

O. Tarola



Abstract

This paper presents a standard endogenous growth framework in which the source of growth is represented by vertical innovations. The crucial assumption we introduce is that there is a positive information gap concerning the discovery of innovation. The aim of reducing the information-dissemination lag provides incentives for firms to decide to merge their research efforts. Also, we find that the skilled - unskilled wage gap is strongly related to this phenomenon. We prove that changing antitrust attitudes toward efficiency-motivated mergers in contestable industries may simultaneously explain observed changes in the industry structure, qualitative innovation, wage inequality, and labor-supply composition.

Citation

Cozzi, G., & Tarola, O. (2006). R&D cooperation, innovation, and growth. Journal of Institutional and Theoretical Economics, 162(4), 683-701. https://doi.org/10.1628/093245606779252670

Journal Article Type Article
Publication Date Dec 1, 2006
Deposit Date Feb 17, 2010
Journal Journal of Institutional and Theoretical Economics
Print ISSN 0932-4569
Publisher Mohr Siebeck
Peer Reviewed Peer Reviewed
Volume 162
Issue 4
Pages 683-701
DOI https://doi.org/10.1628/093245606779252670
Public URL https://durham-repository.worktribe.com/output/1522107