Login per gli autori
Lambertini, Luca
(2004)
Process R&D in Monopoly under Demand Uncertainty.
Bologna:
Dipartimento di Scienze economiche DSE,
p. 7.
DOI 10.6092/unibo/amsacta/4785.
In: Quaderni - Working Paper DSE
(507).
ISSN 2282-6483.
Full text disponibile come:
Anteprima |
Documento di testo(pdf)
Licenza: Creative Commons Attribution 2.5 (CC BY 2.5) Download (136kB) | Anteprima |
Abstract
I investigate R&D efforts for process innovation in a monopoly with uncertain demand. Two different models are proposed, where either (i) the reservation price is affected by an additive shock and the marginal production cost is increasing, or (ii) a multiplicative shock on the slope of demand combines with a flat marginal production cost. In either case, price-setting behaviour generates a larger R&D investment than quantity-setting behaviour. An Arrowian interpretation of the first result and a Schumpeterian interpretation of the second are proposed.
Abstract
Altri metadati
Statistica sui download
Statistica sui download
Gestione del documento:
