| Автор | Acharya, Rohini |
| Автор | Ziesemer, Thomas |
| Дата выпуска | 1996 |
| dc.description | In endogenous growth theory models have either increasing or constant ranges of product variety. Developments in modem biotechnology however show cases of increasing, decreasing or constant ranges of product variants. We present a simple endogenous growth model allowing for all of these three cases in one model. Quality weights that are exponential in the index of goods are multiplied to the quantity of goods in a love-of-variety utility function. Consumers prefer not to buy goods which are too expensive relative to their quality. The presence or absence of cumulated knowledge determines whether licensing fees, endogenous fixed costs for and the number of producers and the quantities produced are falling or constant, thereby allowing more or less room for variety in household budgets. Whereas new goods always appear, old goods may be selected away or are even reselected. The case of pure love-of-variety and total creative destruction are limiting cases in this model and cases of decreasing variety or initially increasing and later decreasing variety are additions to the present literature. The highly non-linear dynamics of the model are presented in simulations. |
| Формат | application.pdf |
| Издатель | OPA (Overseas Publishers Association) |
| Копирайт | Copyright Taylor and Francis Group, LLC |
| Тема | Biotechnology |
| Тема | growth |
| Тема | innovation |
| Тема | product differentiation J.E.L. Codes: L65, O31, 41 |
| Название | A Closed Economy Model of Horizontal and Vertical Product Differentiation: The Case of Innovation in Biotechnology |
| Тип | research-article |
| DOI | 10.1080/10438599600000012 |
| Electronic ISSN | 1476-8364 |
| Print ISSN | 1043-8599 |
| Журнал | Economics of Innovation and New Technology |
| Том | 4 |
| Первая страница | 245 |
| Последняя страница | 264 |
| Аффилиация | Acharya, Rohini; MERIT and Department of Economics, University of Limburg/Maastricht |
| Аффилиация | Ziesemer, Thomas; MERIT and Department of Economics, University of Limburg/Maastricht |
| Выпуск | 3 |
| Библиографическая ссылка | Abraham, F. 1994. Social Protection and Regional Convergence in an EMU. Open Economies Review, 5(1): 89–112. |
| Библиографическая ссылка | Acharya, R. and Mugabe, J. 1996. “Biotechnology in Developing Countries: Critical Issues of Capability Development”. In Biotechnology Annual Review, Amsterdam: Elsevier Science Publishers. Forthcoming |
| Библиографическая ссылка | Aghion, P. and Howitt, P. 1992. A Model of Growth Through Creative Destruction. Econometrica, 60(2): 323–351. |
| Библиографическая ссылка | Arrow, K. 1962. The Economic Implications of Learning by Doing. Review of Economic Studies, 29: 155–173. |
| Библиографическая ссылка | Clark, N. and Juma, C. 1991. “Biotechnology for Sustainable Development: Policy Options for Developing Countries”. In IFIAS and ACTS, Nairobi, , Kenya: African Centre for Technology Studies. |
| Библиографическая ссылка | Ernst and Young. 1992. “Biotech 93: Accelerating Commercialization, Ernst and Young's Seventh Annual Report on the Biotech Industry”. San Francisco: Ernst and Young. |
| Библиографическая ссылка | Flam, H. and Helpman, E. 1987. Vertical Product Differentiation and North-South Trade. Atnerican Economic Review, 77(5): 810–822. |
| Библиографическая ссылка | Gasiorek, M., Smith, A. and Venablea, A.J. 1991. “Completing the Internal Market in the EC: Factor Demands and Comparative Advantage”. In European Integration: Trade and Industry, Edited by: Winters, A.L. and Venables, A.J. 9–30. Cambridge: Cambridge University Press. |
| Библиографическая ссылка | Grossman, G. and Helpman, E. 1991a. Quality Ladders in the Theory of Growth. Review of Economic Studies, 58: 43–61. |
| Библиографическая ссылка | Grossman, G. and Helpman, E. 1991b. Quality Ladders and Product Cycles. Quarterly Journal of Economics, 106: 557–586. |
| Библиографическая ссылка | Grossman, G. and Helpman, E. 1991c. “Innovation and Growth in a Global Economy”. Cambridge/Massachusetts: MIT Press. |
| Библиографическая ссылка | Grossman, G. and Helpman, E. 1990. Comparative Advantage and Long-Run Growth. American Economic Review, 80: 796–815. |
| Библиографическая ссылка | Helpman, E. and Krugman, P. 1985. “Market Structure and Foreign Trade: Increasing Returns”. In Imperfect Competition and the International Economy, Cambridge: MIT Press. |
| Библиографическая ссылка | Orsenigo, L. 1989. “The Emergence of Biotechnology: Institutions and Markets in Industrial Innovations”. London: Pinter Publishers. |
| Библиографическая ссылка | Phelps, E.S. 1966. Models of Technical Progress and the Golden Rule of Research. Review of Economic Studies, : 133–145. |
| Библиографическая ссылка | Richards, B. 1992. New Ways from Biotechnology to Detect and Treat Old and New Diseases. Biotechnology Education, 3(1): 2–8. |
| Библиографическая ссылка | Romer, P. M. 1990. Endogenous Technological Change. Journal of Political Economy, 98: S72–S102. |
| Библиографическая ссылка | Scherer, EM. 1984. Innovation and Growth: Schumpeterian Perspectives, Cambridge: MIT Press. |
| Библиографическая ссылка | Scherer, EM. 1980. Industrial Market Structure and Economic Performance, 2nd, Boston: Houghton Mifflin. |
| Библиографическая ссылка | Schneider, J. and Ziesemer, T. 1995. What's New and What's Old in New Growth Theory? Endogenous Technology, Microfoundation and Growth Rate Predictions—A Critical Overview. Zeitschrift für Wirtschaftsund Sozialwissenschaften, 115: 3–144. |
| Библиографическая ссылка | Sharp, M. 1990. “Technological Trajectories and Corporate Strategies in the Diffusion of Biotechnology”. In Technology and Investment: Critical Issues for the 1990s, Edited by: Hörnell, E. and Vickery, G. London: Pinter Publishers. |
| Библиографическая ссылка | Sharp, M. 1985. “The New Biotechnology: European Governments in Search of a Strategy”. In Sussex European Paper no. 15, Brighton, SPRU: University of Sussex. |
| Библиографическая ссылка | Shell, K. 1967. “A Model of Inventive Activity and Capital Accumulation”. In Essays in the Theory of Optimal Growth, Edited by: Shell, K. Cambridge, Ma.: MIT Press. |
| Библиографическая ссылка | Trostel, P.A. 1993. The Effect of Taxation on Human Capital. Journal of Political Economy, 101(2): 327–350. |
| Библиографическая ссылка | US Congress Office of Technology Assessment (OTA). 1991. “Biotechnology in a Global Economy”. Washington, DC: US Congress Office of Technology Assessment, US Government Printing Office. |
| Библиографическая ссылка | Young, A. 1993. Invention and Bounded Learning by Doing. Journal of Political Economy, 101(3): 443–472. |
| Библиографическая ссылка | Young, A. 1991. Learning by Doing and the Dynamic Effects of International Trade. Quarterly Journal of Economics, May: 369–405. |
