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
AutoreORCIDAffiliazioneROR
Delbono, Flavio0000-0001-9030-4048Università di Bologna
Lambertini, Luca0000-0001-6353-4753Università di Bologna
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, 2007-2025.

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