Complementarity between product and process innovation in a monopoly setting

Mantovani, Andrea (2005) Complementarity between product and process innovation in a monopoly setting. p. 23. DOI 10.6092/unibo/amsacta/1753.
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Abstract

We study complementarity between product and process innovation in a monopoly setting. First we consider the possibility for the firm to alternatively invest only along one of the two directions and compare the incentives of process vs product innovation. Then we allow the firm to invest simultaneously in both activities, showing that both investment levels as well as the profit are higher than in case of individual investment. Product and process innovations are then complementary and the firm always prefers a simultaneous adoption.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Mantovani, Andrea
Keywords
complementarity, product innovation, process innovation
Subjects
DOI
Deposit date
16 Feb 2006
Last modified
17 Feb 2016 14:39
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