Growth in a Differentiated Oligopoly with Product Innovation

Lambertini, Luca ; Cellini, Roberto (1999) Growth in a Differentiated Oligopoly with Product Innovation. Bologna: Dipartimento di Scienze economiche DSE, p. 20. DOI 10.6092/unibo/amsacta/4946. In: Quaderni - Working Paper DSE (363). ISSN 2282-6483.
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Abstract

We present a two-sector model where oligopolistic firms sell differentiated products. New products are introduced over time through formal R&D activity. Market competition takes place either a la Cournot or a la Bertrand. We show that tougher competition associated wit price-setting behavior does not entail a larger social welfare as long as it requires more effort for the production of the final goods.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Cellini, Roberto
Keywords
oligopoly, growth, product differentiation, R&D.
Subjects
ISSN
2282-6483
DOI
Deposit date
05 Apr 2016 09:48
Last modified
05 Apr 2016 09:48
URI

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