A new perspective on industry RD and market structure

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dc.contributor.authorLee, Chang-Yangko
dc.date.accessioned2008-04-30T02:52:44Z-
dc.date.available2008-04-30T02:52:44Z-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.issued2005-03-
dc.identifier.citationJOURNAL OF INDUSTRIAL ECONOMICS, v.53, no.1, pp.101 - 122-
dc.identifier.issn0022-1821-
dc.identifier.urihttp://hdl.handle.net/10203/4286-
dc.description.abstractThis paper aims to shed some new insights on the long-debated and both extensively and intensively explored relationship between market concentration and industry RTD intensity. In order to do so, this study develops, from a classic Dorfman-Steiner [1954] model of firm RTD, a model of industry RTD, where consumer preference over quality and price, RTD technology, and the joint distribution of firm-specific technological competence and market share jointly determine the level of industry RTD intensity. The joint distribution term, which reflects both the underlying distribution of firms-specific technological competence and the strength of its link with market share, suggests that the concentration-RTD relationship differs depending on the strength of the link or simply the appropriability of RTD in terms of market share: A positive relationship is predicted for low-appropriability industries, where market concentration supplements low RTD appropriability, while a negative or an inverted U-shaped relationship for high-appropriability industries. An empirical analysis of data, disaggregated at the five-digit SIC level, on RTD and market concentration of Korean manufacturing industries provides supportive evidence for the predictions.-
dc.languageEnglish-
dc.language.isoen_USen
dc.publisherBLACKWELL PUBL LTD-
dc.titleA new perspective on industry RD and market structure-
dc.typeArticle-
dc.identifier.wosid000227594400005-
dc.identifier.scopusid2-s2.0-16644396440-
dc.type.rimsART-
dc.citation.volume53-
dc.citation.issue1-
dc.citation.beginningpage101-
dc.citation.endingpage122-
dc.citation.publicationnameJOURNAL OF INDUSTRIAL ECONOMICS-
dc.identifier.doi10.1111/j.0022-1821.2005.00247.x-
dc.embargo.liftdate9999-12-31-
dc.embargo.terms9999-12-31-
dc.contributor.localauthorLee, Chang-Yang-
dc.description.isOpenAccessN-
dc.type.journalArticleArticle-
dc.subject.keywordPlusTECHNOLOGICAL-OPPORTUNITY-
dc.subject.keywordPlusPRODUCT QUALITY-
dc.subject.keywordPlusINNOVATION-
dc.subject.keywordPlusFIRMS-
dc.subject.keywordPlusCOMPETITION-
dc.subject.keywordPlusPROGRESS-
dc.subject.keywordPlusPATENTS-
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