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Full-Text Articles in Technology and Innovation
Income, Endogenous Market Structure And Innovation, Mei Lin, Shaojin Li, Andrew B. Whinston
Income, Endogenous Market Structure And Innovation, Mei Lin, Shaojin Li, Andrew B. Whinston
Research Collection School Of Computing and Information Systems
We investigate the effect of income distribution on R&D in a dynamic framework. Our model captures both the infinite R&D race among heterogeneous innovators and a market where successful innovators generate revenues. The market structure of successful innovations is endogenous – firms produce vertically differentiated substitute goods and compete in price. Based on firms' equilibrium market revenues, we derive numerical solutions of the Markov perfect equilibrium innovation rate of the dynamic problem. A key insight in our results is that explicitly modeling price competition and the market structure plays an important role in evaluating the impact of rising income inequality …
Designing The Dynamics Of Service Innovations, Arcot Desai Narasimhalu
Designing The Dynamics Of Service Innovations, Arcot Desai Narasimhalu
Research Collection School Of Computing and Information Systems
There is no serious tool available to design service innovations even as it is gaining in important attention from the academic and industrial worlds. This paper presents a method that is specifically developed to help service innovators plan and design their innovations. The method recognizes the dependencies that exist across a service provider, customers and suppliers and help identify potential inconsistencies in the design of service innovations.