Innovation by Heterogeneous Leaders
We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different-sized quality leads over their followers, and thus have different profit flows. We show that leaders with larger quality leads make smaller...
Gespeichert in:
| Veröffentlicht in: | The Scandinavian journal of economics 2019-10, Vol.121 (4), p.1673-1704 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 1704 |
|---|---|
| container_issue | 4 |
| container_start_page | 1673 |
| container_title | The Scandinavian journal of economics |
| container_volume | 121 |
| creator | Iwaisako, Tatsuro Ohki, Kazuyoshi |
| description | We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different-sized quality leads over their followers, 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 the R&D of followers can promote the aggregate R&D of leaders, because promotion of followers' R&D decreases (increases) the number of leaders with larger (smaller) quality leads and smaller (larger) R&D investments. |
| doi_str_mv | 10.1111/sjoe.12347 |
| format | Article |
| fullrecord | <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_journals_2283916433</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>45219875</jstor_id><sourcerecordid>45219875</sourcerecordid><originalsourceid>FETCH-LOGICAL-c4667-8e7a638613b7ae0fab720eaa7eed2a24097b7488a63a8595d4ff63ebc184487e3</originalsourceid><addsrcrecordid>eNp9kE1Lw0AQhhdRMFYv_oJC8SKkzn5lN0cpra0EelDPyyadSELN1t1U6b93axQ8OZeB4XnnhYeQawpTGucutA6nlHGhTkhCRabSXAh2ShKIpxQkg3NyEUILAJIDTchk1XXuw_aN68blYbzEHr17xQ7dPowLtBv04ZKc1XYb8Opnj8jLYv48W6bF-mE1uy_SSmSxSaOyGdcZ5aWyCLUtFQO0ViFumGUCclUqoXWErJa53Ii6zjiWFdVCaIV8RCbD351373sMvWnd3nex0jCmeU4zwXmkbgeq8i4Ej7XZ-ebN-oOhYI4SzFGC-ZYQYTrAn80WD_-Q5ulxPf_N3AyZNvTO_80wDsoIyWiuleRfkXRpAQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2283916433</pqid></control><display><type>article</type><title>Innovation by Heterogeneous Leaders</title><source>Wiley Online Library Journals Frontfile Complete</source><source>Business Source Complete</source><creator>Iwaisako, Tatsuro ; Ohki, Kazuyoshi</creator><creatorcontrib>Iwaisako, Tatsuro ; Ohki, Kazuyoshi</creatorcontrib><description><![CDATA[We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different-sized quality leads over their followers, 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 the R&D of followers can promote the aggregate R&D of leaders, because promotion of followers' R&D decreases (increases) the number of leaders with larger (smaller) quality leads and smaller (larger) R&D investments.]]></description><identifier>ISSN: 0347-0520</identifier><identifier>EISSN: 1467-9442</identifier><identifier>DOI: 10.1111/sjoe.12347</identifier><language>eng</language><publisher>Oxford: John Wiley & Sons Ltd</publisher><subject>Growth models ; Heterogeneous leaders ; Innovations ; R&D ; R&D subsidies ; Research & development ; Schumpeterian growth</subject><ispartof>The Scandinavian journal of economics, 2019-10, Vol.121 (4), p.1673-1704</ispartof><rights>2019 The editors of The Scandinavian Journal of Economics</rights><rights>2019 The Authors. published by John Wiley & Sons Ltd on behalf of Föreningen För utgivande av the The editors of .</rights><rights>2019 The editors of The Scandinavian Journal of Economics.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4667-8e7a638613b7ae0fab720eaa7eed2a24097b7488a63a8595d4ff63ebc184487e3</citedby><cites>FETCH-LOGICAL-c4667-8e7a638613b7ae0fab720eaa7eed2a24097b7488a63a8595d4ff63ebc184487e3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fsjoe.12347$$EPDF$$P50$$Gwiley$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fsjoe.12347$$EHTML$$P50$$Gwiley$$Hfree_for_read</linktohtml><link.rule.ids>314,776,780,1411,27901,27902,45550,45551</link.rule.ids></links><search><creatorcontrib>Iwaisako, Tatsuro</creatorcontrib><creatorcontrib>Ohki, Kazuyoshi</creatorcontrib><title>Innovation by Heterogeneous Leaders</title><title>The Scandinavian journal of economics</title><description><![CDATA[We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different-sized quality leads over their followers, 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 the R&D of followers can promote the aggregate R&D of leaders, because promotion of followers' R&D decreases (increases) the number of leaders with larger (smaller) quality leads and smaller (larger) R&D investments.]]></description><subject>Growth models</subject><subject>Heterogeneous leaders</subject><subject>Innovations</subject><subject>R&D</subject><subject>R&D subsidies</subject><subject>Research & development</subject><subject>Schumpeterian growth</subject><issn>0347-0520</issn><issn>1467-9442</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><recordid>eNp9kE1Lw0AQhhdRMFYv_oJC8SKkzn5lN0cpra0EelDPyyadSELN1t1U6b93axQ8OZeB4XnnhYeQawpTGucutA6nlHGhTkhCRabSXAh2ShKIpxQkg3NyEUILAJIDTchk1XXuw_aN68blYbzEHr17xQ7dPowLtBv04ZKc1XYb8Opnj8jLYv48W6bF-mE1uy_SSmSxSaOyGdcZ5aWyCLUtFQO0ViFumGUCclUqoXWErJa53Ii6zjiWFdVCaIV8RCbD351373sMvWnd3nex0jCmeU4zwXmkbgeq8i4Ej7XZ-ebN-oOhYI4SzFGC-ZYQYTrAn80WD_-Q5ulxPf_N3AyZNvTO_80wDsoIyWiuleRfkXRpAQ</recordid><startdate>201910</startdate><enddate>201910</enddate><creator>Iwaisako, Tatsuro</creator><creator>Ohki, Kazuyoshi</creator><general>John Wiley & Sons Ltd</general><general>Blackwell Publishing Ltd</general><scope>24P</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201910</creationdate><title>Innovation by Heterogeneous Leaders</title><author>Iwaisako, Tatsuro ; Ohki, Kazuyoshi</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4667-8e7a638613b7ae0fab720eaa7eed2a24097b7488a63a8595d4ff63ebc184487e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Growth models</topic><topic>Heterogeneous leaders</topic><topic>Innovations</topic><topic>R&D</topic><topic>R&D subsidies</topic><topic>Research & development</topic><topic>Schumpeterian growth</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Iwaisako, Tatsuro</creatorcontrib><creatorcontrib>Ohki, Kazuyoshi</creatorcontrib><collection>Wiley Online Library Open Access</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The Scandinavian journal of economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Iwaisako, Tatsuro</au><au>Ohki, Kazuyoshi</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Innovation by Heterogeneous Leaders</atitle><jtitle>The Scandinavian journal of economics</jtitle><date>2019-10</date><risdate>2019</risdate><volume>121</volume><issue>4</issue><spage>1673</spage><epage>1704</epage><pages>1673-1704</pages><issn>0347-0520</issn><eissn>1467-9442</eissn><abstract><![CDATA[We develop a Schumpeterian growth model in which leaders and followers conduct research and development (R&D) activities and in which leaders have different-sized quality leads over their followers, 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 the R&D of followers can promote the aggregate R&D of leaders, because promotion of followers' R&D decreases (increases) the number of leaders with larger (smaller) quality leads and smaller (larger) R&D investments.]]></abstract><cop>Oxford</cop><pub>John Wiley & Sons Ltd</pub><doi>10.1111/sjoe.12347</doi><tpages>32</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0347-0520 |
| ispartof | The Scandinavian journal of economics, 2019-10, Vol.121 (4), p.1673-1704 |
| issn | 0347-0520 1467-9442 |
| language | eng |
| recordid | cdi_proquest_journals_2283916433 |
| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Growth models Heterogeneous leaders Innovations R&D R&D subsidies Research & development Schumpeterian growth |
| title | Innovation by Heterogeneous Leaders |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-08T22%3A45%3A24IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Innovation%20by%20Heterogeneous%20Leaders&rft.jtitle=The%20Scandinavian%20journal%20of%20economics&rft.au=Iwaisako,%20Tatsuro&rft.date=2019-10&rft.volume=121&rft.issue=4&rft.spage=1673&rft.epage=1704&rft.pages=1673-1704&rft.issn=0347-0520&rft.eissn=1467-9442&rft_id=info:doi/10.1111/sjoe.12347&rft_dat=%3Cjstor_proqu%3E45219875%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2283916433&rft_id=info:pmid/&rft_jstor_id=45219875&rfr_iscdi=true |