Juraj Dobrila University of Pula, Department of Economics and Tourism \u27Dr. Mijo Mirkovic\u27
Abstract
This paper focuses on the propensity to innovate for a monopolist with two inputs, an exhaustible resource and labor. When this exhaustible resource is used up, the monopolist quits this industry. This paper characterizes the relationship between the two types of elasticity of innovation. With this relationship, the equilibrium is captured. This study argues that the lower the marginal cost incurred by innovation, the longer it takes for the monopolist to quit the industry and the higher the profits.Ovaj rad je usredotočen na sklonost koju monopol s dva utroška, potrošnim resursom i radnom snagom, ima ka inovacijama. Kad se potrošni resursi istroše, monopolisti gase tu industriju. Ovaj rad analizira vezu između dva tipa elastičnosti inovacija. Ovom se vezom postiže ravnoteža. Članak postavlja tezu da što je manji marginalni trošak inovacije, monopolistu treba duže vremena da ugasi industriju a profit je isto tako veći
