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.
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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
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Delbono, FlavioUniversità di Bologna0000-0001-9030-4048
Lambertini, LucaUniversità di Bologna0000-0001-6353-4753
Parole chiave
innovation, market structure, aggregate investment
Settori scientifico-disciplinari
Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
ISSN
2282-6483
DOI
10.6092/unibo/amsacta/5581
Data di deposito
07 Giu 2017 07:35
Ultima modifica
15 Feb 2018 10:12
URI
https://amsacta.unibo.it/id/eprint/5581

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© ALMA MATER STUDIORUM - Università d Bologna, 2007-2024.

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