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An Explanation of the Inverted-U Relationship between Profitability and Innovation /

The author introduces two models of innovation that are able to explain the inverted-U relationship between profitability and innovation, along with the findings of Aghion et al. (2005) and Hashmi (2005) related to the relationship between profitability and the dispersion of productivity in the indu...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Krčál, Ondřej
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Brno : Masarykova univerzita, 2014.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Acknowledgements
  • Contents
  • Introduction
  • Chapter 1 Survey of literature
  • 1.1 A review of Aghion et al.â#x80;#x99;s model
  • 1.2 The empirical tests of Aghion et al.â#x80;#x99;s model
  • 1.2.1 Testing all three predictions
  • 1.2.2 The remaining empirical tests
  • 1.3 Summary and discussion
  • 1.3.1 Summary of the empirical literature
  • 1.3.2 Discussion of Aghion et al.â#x80;#x99;s model
  • Chapter 2 The basic model
  • 2.1 Structure of the model
  • 2.2 Predictions of the model
  • 2.2.1 Solving the model
  • 2.2.2 R & D expenditures
  • 2.2.3 The technology gap
  • 2.2.4 Empirical relevance of the results
  • 2.3 Summary
  • Chapter 3 The prospect-theory model
  • 3.1 Structure of the model
  • 3.2 The PT model with constant sensitivity
  • 3.2.1 Solving the model
  • 3.2.2 R & D expenditures
  • 3.2.3 The technology gap
  • 3.2.4 Empirical relevance of the results
  • 3.3 The PT model with diminishing sensitivity
  • 3.3.1 R & D expenditures
  • 3.3.2 The technology gap
  • 3.3.3 Empirical relevance of the results
  • 3.4 Summary
  • Chapter 4 Sensitivity analysis
  • 4.1 The basic model
  • 4.1.1 R & D expenditures
  • 4.1.2 The technology gap
  • 4.1.3 Summary
  • 4.2 The prospect-theory model
  • 4.2.1 Zero profit difference
  • 4.2.2 The effect of individual parameters
  • 4.2.3 Positive profit difference
  • 4.2.4 Summary
  • Conclusion
  • Bibliography
  • List of Tables
  • List of Figures
  • Appendix A Endogenous profit difference
  • A.1 Structure of the model
  • A.2 Predictions of the model
  • Appendix B Netlogo codes
  • B.1 The basic model
  • B.2 The PT model with constant sensitivity
  • B.3 The PT model with diminishing sensitivity
  • B.4 Sensitivity analysis
  • B.5 The PT model with endogenous profit difference.