| 书目名称 | Investment, R&D, and Long-Run Growth | | 编辑 | Dietmar Hornung | | 视频video | | | 丛书名称 | Lecture Notes in Economics and Mathematical Systems | | 图书封面 |  | | 描述 | In the 1990s, growth theory has incorporated imperfect competition in its investigations. This innovation has proven to be seminal: Cleviating from growth models with perfect competition, the new framework featured forward looking entrepreneurs. Firms maximize profits intertemporarily, i. e. their in vestment leads to instantaneous sunk costs and offers flows of future profits. Firms finance this investment by launching shares. The capital market is per fectly competitive, implying that the return on a share is equal to the return on a bond. As opposed to the capital market, the goods market is imperfectly competitive. As a result of investment, firms enjoy market power. That is, firms may acquire the capability to provide a product that is differentiated in, e. g. , styling, technology, accessibility, or reputation. The launch of a dif ferentiated product allows to capture a market niche, and successful firms may price above marginal cost. The resulting profit flows are channelled to the firms‘ shareholders. The introduction of monopolistic competition into growth theory is valuable: real world economies may be portrayed rather by such an imperfect competition framework than b | | 出版日期 | Book 2002 | | 关键词 | Investment; economic growth; growth; growth model; growth theory; research & development (R&D) | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-642-51718-1 | | isbn_softcover | 978-3-540-42528-1 | | isbn_ebook | 978-3-642-51718-1Series ISSN 0075-8442 Series E-ISSN 2196-9957 | | issn_series | 0075-8442 | | copyright | Springer-Verlag Berlin Heidelberg 2002 |
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书目名称Investment, R&D, and Long-Run Growth影响因子(影响力)
书目名称Investment, R&D, and Long-Run Growth影响因子(影响力)学科排名
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书目名称Investment, R&D, and Long-Run Growth网络公开度学科排名
书目名称Investment, R&D, and Long-Run Growth被引频次
书目名称Investment, R&D, and Long-Run Growth被引频次学科排名
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发表于 2025-3-21 17:29:20
