Innovation and product market concentration: Schumpeter, Arrow and the inverted-U shape curve

Delbono, Flavio ; Lambertini, Luca (2017) Innovation and product market concentration: Schumpeter, Arrow and the inverted-U shape curve. Bologna: Dipartimento di Scienze economiche DSE, p. 19. DOI 10.6092/unibo/amsacta/5581. In: Quaderni - Working Paper DSE (2006). ISSN 2282-6483.
Full text available as:
[img]
Preview
Text(pdf)
License: Creative Commons Attribution Non-commercial

Download (627kB) | Preview

Abstract

We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate Arrovian, Schumpeterian and inverted-U curves. We interpret these different patterns on the basis of the relative strength of the technological incentive and the strategic incentive.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Delbono, FlavioUniversità di Bologna0000-0001-9030-4048
Lambertini, LucaUniversità di Bologna0000-0001-6353-4753
Keywords
innovation, market structure, aggregate investment
Subjects
ISSN
2282-6483
DOI
Deposit date
07 Jun 2017 07:35
Last modified
15 Feb 2018 10:12
URI

Other metadata

Downloads

Downloads

Staff only: View the document

^