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This paper analyzes the influence of Information structure on the process of knowledge accumulation in a differential game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and perfect information structures, we show that in the feedback...
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The paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale …-invariant growth. We consider endogenous humancapital accumulation in an educational sector and quality and variety innovation in two … separate R&D sectors. In the balanced growth equilibrium education and innovation appear as in-line engines of growth and …
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We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
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