Title: Intensity of competition and technological progress
Language: English
Authors: Plavsic, Bozidar 
Qualification level: Diploma
Advisor: Ritzberger, Klaus 
Issue Date: 2016
Number of Pages: 19
Qualification level: Diploma
The empirical phenomenon that in monopolized markets technological improvements are small compared to competitive markets is to be examined. The level of technological advancements has been measured by how big improvement a new technology represents compared to the current best technology used in the market. The relationship between intensity of competition and technological progress has been examined in a model where R&D laboratory exerts effort, which is translated into a new technology, such that its profits are maximized. It is shown that intensity of competition affects the amount of technological progress in a non-monotone way.
Keywords: Competition; R&D; Technological progress
URI: https://resolver.obvsg.at/urn:nbn:at:at-ubtuw:1-5699
Library ID: AC13260819
Organisation: E017 - Continuing Education Center 
Publication Type: Thesis
Appears in Collections:Thesis

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