英语翻译This paper studies the innovation dynamics of an oligopolisticindustry.The firms compete not only in the output market but also by engagingin productivity enhancing innovations to reduce labor costs.Rent sharing maygenerate productivity d

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英语翻译This paper studies the innovation dynamics of an oligopolisticindustry.The firms compete not only in the output market but also by engagingin productivity enhancing innovations to reduce labor costs.Rent sharing maygenerate productivity d
英语翻译
This paper studies the innovation dynamics of an oligopolistic
industry.The firms compete not only in the output market but also by engaging
in productivity enhancing innovations to reduce labor costs.Rent sharing may
generate productivity dependent wage differentials.Productivity growth creates
intertemporal spillover effects,which affect the incentives for innovation at
subsequent dates.Over time the industry equilibrium approaches a steady state.
The paper characterizes the evolution of the industry's innovation behavior and
its market structure on the adjustment path.
Firms invest in labor productivity before competing in a freeentry oligopoly.► The industry’s
static and steady state equilibria are characterized and compared.► Rent sharing may generate productivity dependent
differentials.► Productivity growth is driven by wage
growth at the steady state.► Hold-up is absent in the
long-run.
Keywords
Innovation;Labor productivity; Oligopoly; Wage differentials; Productivity growth; Industry dynamics

英语翻译This paper studies the innovation dynamics of an oligopolisticindustry.The firms compete not only in the output market but also by engagingin productivity enhancing innovations to reduce labor costs.Rent sharing maygenerate productivity d
本文研究了寡占市场产业的创新力度.企业间的竞争不仅在输出市场还从事提高生产率的创新,降低劳动成本.租金分摊可能产生生产率依赖和工资差异.生产率增长会造成跨期溢出效应,对创新的后期激励.随着时间的推移,产业平衡的方法,一个稳定的状态.将该行业的创新行为与市场结构的演变在调整路径.公司投资的劳动生产率在自由进入寡头竞争之前.►产业的静止和稳态平衡的特点和比较.►租金分摊可能产生生产率依赖工资差异.►生产率的增长是由工资在的稳定所驱动.►停滞从长远来看是没有的.
关键词:创新;劳动生产率；寡头垄断；工资差距；生产率增长；行业动态

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这篇论研究的是垄断行业的创新机制。
企业的竞争不仅体现在输出市场方面，
而且凭借提升创新以降低劳动力成本的方法来加强生产率。
租金分享可能产生生产率依赖工资差距。
生产率增长会产生跨期溢出效应，
这种效应会在后续时间里影响激励创新。
随着时间的推移，工业平衡会接近一个稳定的状态。
本文描述了工业创新行为的演变和市场结构调整的路径。
要在参加自由垄断行业竞争之前，公司应该在劳动生产率上投资。
工业的数据和平衡稳定的特点被描述和比较。
租金共享可能产生生产率依赖差异。
生产率增长被工资增长驱使在一个稳定的状态。
长期角度来看，滞留是不会出现的。

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