Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Investment, R&D, and Long-Run Growth

Investment, R&D, and Long-Run Growth

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783540425281
Condition
New
Product Description

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 by a perfect competition approach. Starting with Romer (1990), in growth theory, modeling of imperfect competition has been notoriously bound to a focus on the impact of research and development (R&D) on economic growth. In the existing literature, growth-affecting investment is restricted to R&D investment.

Available Colors
Available Sizes
1 Offer Price Range: $39.99 - $39.99
BEST PRICE

Single Product Purchase

$39.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$39.99 $39.99

$39.99
See Site In stock Visit Store

Similar Products

Leading Global Teams

$99.99

Climate Technology Strategies 1

$109.99

West Nile Virus

$219.99

Allgemeine Rechtslehre

$69.99

Photosynthesis Research Protocols

$109.00

Restrukturierungen und Vertragskosten

$59.99

Der fremd-gemachte Mann

$49.99

Fhrung im demografischen Wandel

$17.99

Hans Henny Jahnns "Neuer Lbecker Totentanz"

$39.99

Graph Transformations

$39.99

The Balance of Power

$129.00

Ecology and Utilization of Desert Shrub Rangelands in Iraq

$169.00

Structural Mechanics

$199.99

Mathematical Scattering Theory

$39.99

FinFETs and Other Multi-Gate Transistors

$219.99

Anamnese - Untersuchung - Diagnostik

$44.99

Cell Interactions in Visual Development

$84.99

Objects, Components, Architectures, Services, and Applications for a Networked World

$39.99

Kreativitt als Bestandteil der Markenidentitt

$69.99

Wissen vom Wasser

$49.99

Machine Ethics

$169.99

China's Trade Unions and Management

$129.00

Expert Oracle Application Express

$79.99

Multi-Scale Physics in Coronal Heating and Solar Wind Acceleration

$109.99

International Neurolaw

$109.99

Comprehensive Summer Reading Solution Grade 1 Health & Wellness (5 Books)

$910.00

Recent Advances in Constraints

$39.99

Managementberatung in Deutschland

$17.99

Myelogenetisch-Anatomische Untersuchungen ber den Zentralen Abschnitt der Sehleitung

$59.99

Professionalisierungskrisen im Referendariat

$74.99

Hypoxia

$199.99

High Energy Astrophysical Neutrinos

$64.99

Comparison of Mathematics and Physics Education II

$79.99

Naturalistic Epistemology

$169.99

Zur Organisation des Risikomanagements in Kreditinstituten

$44.99

Dark Hedges, Wizard Island, and Other Magical Places That Really Exist by L. Rader Crandall

$19.99

Nano-Optoelectronics

$129.00

Patterns of Economic Behaviour Among the American Poor

$59.99

Pharmaceutical and Bioactive Natural Products

$329.99

Thinking with Women Philosophers

$109.99