Complementarity between Product and Process innovation in a Monopoly Setting

Mantovani, Andrea (2005) Complementarity between Product and Process innovation in a Monopoly Setting. Bologna: Dipartimento di Scienze economiche DSE, p. 21. DOI 10.6092/unibo/amsacta/4757. In: Quaderni - Working Paper DSE (533). ISSN 2282-6483.
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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
ISSN
2282-6483
DOI
Deposit date
15 Mar 2016 09:49
Last modified
15 Mar 2016 09:49
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