摘要：The paper is a successor of original papers presented previously by Blümle (1989) and Sell (2020). Drawing on insights provided already by Enrico Barone in the 1930’s, we establish a relationship between the distribution of personal incomes and the activities of innovation and imitation. The model we set up may be taken both as a microeconomic and/or a macroeconomic contribution. On the micro level, champion firms like Google, Amazon, Microsoft or Facebook generate fabulous innovations which are accompanied by large profits and, at the same time, an intra-firm concentration of wages and salaries (including bonuses). On the macro level, the upper (lower) swing of the business cycle goes hand in hand with a rising (falling) profit quota/a higher (lower) inter-firm slope of earnings, created to a large extent by innovative Schumpeterian monopolists (imitative entrepreneurs). Finally, we want to find some empirical evidence for our theoretical results. The work concludes with a summary of our exposition along with some thoughts about policy implications.
关键词：Innovation;Imitation;Personal Income Distribution;Modeling of the Business Cycle Based on Microeconomic Foundation
