Affiliation:
1. Guangdong University of Finance & Economics Guangzhou China
2. Guangdong University of Foreign Studies Guangzhou China
Abstract
AbstractAs innovation relies on human capital heavily, it attaches importance to taking human capital into account while investigating the relationship between innovation and competition. This paper establishes a game theory model to capture the effects of competition on innovation with human capital. The major findings indicate that firms with larger scale are more active in innovation investment. Meanwhile, a lessening of competition is beneficial to increase innovation if human capital input is considered. Further, both the Lerner index and social welfare are reduced under less competition. The major findings deny Arrow's conjecture and provide policy implications to improve innovation in practice.
Funder
Natural Science Foundation of Guangdong Province
Subject
Management of Technology and Innovation,Management Science and Operations Research,Strategy and Management,Business and International Management
Cited by
8 articles.
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