Cozzi, G. and Tarola, O. (2006) 'R&D cooperation, innovation, and growth.', Journal of institutional and theoretical economics., 162 (4). pp. 683-701.
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.
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|Publisher Web site:||http://dx.doi.org/10.1628/093245606779252670|
|Record Created:||17 Feb 2010 09:50|
|Last Modified:||08 Jun 2012 16:52|
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