Vertical structure and innovation: A study of the SoC and smartphone industries.

This article studies how vertical integration and upstream R&D subsidy affect innovation and welfare in vertically separated industries. I formulate a dynamic structural model of a dominant upstream firm and oligopolistic downstream firms that invest in complementary innovations. I estimate the mode...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 51; no. 3; pp. 739 - 786
Main Author:	Yang, Chenyu
Format:	Article
Published:	Wiley-Blackwell Sep2020
Subjects:	Technological innovations Smartphone industry Vertical integration Structural models Dynamic models
Online Access:	View this record in EBSCOhost