Global Innovation Contests

• Published in: Games Vol. 14; no. 1; p. 18
• Main Authors: Dinopoulos, Elias, Syropoulos, Constantinos, Tsoulouhas, Theofanis
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.02.2023
• Subjects: barriers to innovation; Economic growth; Equilibrium; Financial services industry; Global economy; Globalization; Growth models; Impact analysis; Income distribution; innovation contests; Innovations; International business enterprises; International economic relations; International trade; Manufacturing; Opportunity costs; R&D; Rankings; rent-protection activities; Research & development; scale effects; Tariffs; Trade restrictions

The primary objective of this paper is to develop a two-country, dynamic, general equilibrium model with innovation contests to formally analyze the impact of globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through stochastic and se...