研讨主题

Growth Models with Step-by-Step Innovations

主讲人

赵欢（中经管2023级硕士生）

内容简介

In the baseline Schumpeterian model, any firm can innovate on any product line without prior knowledge,which ensures analytical tractability. However, in reality,quality improvements often build cumulatively on existing know-how. As Abernathy (1978) observed, firms tend to innovate repeatedly within the same technological area,since past innovations facilitate future ones.

This cumulative aspect is absent from basic models but central to many real-world innovation dynamics. A more realistic framework involves a few frontier firms engaged in ongoing, incremental R&D, competing head-to-head in specific product lines.

In this seminar, we will introduce the step-by-step innovation model, where innovation is sequential and cumulative. This framework allows us to endogenize market structure and better analyze how competition and intellectual property rights affect innovation incentives.Combined with the model of incumbent and entrant innovation, it provides a foundation for understanding how continuing firms contribute to long-run productivity by building on their own past innovations.

点评老师

王忏 明洋

时间

11月2日19:00-21:00

地点

学术会堂712

活动对象

248cc永利集团、金融学院学生

人数规模

30人

主办单位

248cc永利集团中国经济与管理研究院、金融学院联合主办

撰稿：赵欢

审稿：明洋

编辑：沈嘉怡

审核：王颖