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.

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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

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Monografia (Working paper)

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