R&D incentives and market structure: a dynamic analysis

Cellini, Roberto ; Lambertini, Luca (2004) R&D incentives and market structure: a dynamic analysis. p. 14. DOI 10.6092/unibo/amsacta/1503.
Full text available as:
[img]
Preview
PDF
Download (178kB) | Preview

Abstract

We investigate dynamic R&D for process innovation in an oligopoly where firms invest in cost-reducing activities. We focus on the relationship between R&D intensity and market structure, proving that the industry R&D investment monotonically increases in the number of firms. This Arrowian result contradicts the established wisdom acquired from static games on the same topic.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Cellini, Roberto
Lambertini, Luca
Keywords
differential games, process innovation, R&D, spillovers
Subjects
DOI
Deposit date
15 Feb 2006
Last modified
17 Feb 2016 14:31
URI

Other metadata

Downloads

Downloads

Staff only: View the document

^