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《Journal of Manegement Sciences In China》 2002-04
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Game analyses on R&D and economic growth of vertically integrated company groups

XIAO Tiao jun, SHENG Zhao han, CHENG Shu ping Graduate School of Management Science & Engineering, Nanjing University, Nanjing 210093, China  
This paper develops a vertical industrial group model in which vertical innovations affect economic growth and give a resolutions on it. The model is a synthesized endogenous growth model that incorporates two category models in the new growth theory that are capital based models and idea based models. In the model, group corporation A is an upstream firm that takes on RD activities and uses its technology to produce intermediate goods. The quality improvement of intermediate goods raises the productivity of final good production. Subsidiary corporation B is a downstream firm that produces final goods using intermediate goods and capital as input. Both the corporation A and B play signaling games with markets in the Cournot market.
【Fund】: 国家自然科学基金资助项目 (70 1710 2 8) ;; 国家自然科学基金重点资助项目 (7983 0 0 10 )
【CateGory Index】: F224.3
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