PROCESS AND PRODUCT INNOVATION IN A VERTICALLY DIFFERENTIATED INDUSTRY
نویسندگان
چکیده
منابع مشابه
Process and Product Innovation in a Vertically Differentiated Industry
We examine a vertically differentiated duopoly where firms invest in process and product innovation and then compete in prices under full market coverage. We show that (i) process and product innovation are complements (substitutes) for the low-quality (high-quality) firm; (ii) the firm which is initially more efficient invests more than the rival in process innovation; (iii) if the initial dif...
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ژورنال
عنوان ژورنال: International Game Theory Review
سال: 2011
ISSN: 0219-1989,1793-6675
DOI: 10.1142/s0219198911002952