On the simultaneity of innovations and market structure | Zendy

Winfried Pohlmeier | Zendy

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On the simultaneity of innovations and market structure

Author(s) -

Winfried Pohlmeier

Publication year - 1992

Publication title -

empirical economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.605

H-Index - 56

eISSN - 1435-8921

pISSN - 0377-7332

DOI - 10.1007/bf01206286

Subject(s) - endogeneity , econometrics , simultaneity , economics , probit , estimator , probit model , instrumental variable , product (mathematics) , mathematics , statistics , physics , geometry , classical mechanics

This paper examines the determinants of innovations and market structure within a simultaneous framework. From a competitive fringe model, quasi-conditional factor demand functions are derived that explain product and process innovations in terms of factor prices and market structure variables such as relative firm size, market size, and the concentration ratio where the latter set of variables result from the same optimizing process.

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