R&D competition versus R&D cooperation in oligopolistic markets with evolving structure
نویسندگان
چکیده
منابع مشابه
R&D Competition versus R&D Cooperation in Oligopolistic Markets with Evolving Structure
This paper considers investment behavior of duopolistic firms subject to technological progress. It is assumed that initially both firms offer a homogeneous product, but after a stochastic waiting time they are able to realize a product innovation. Production capacities of both firms are product specific. It is shown that firms anticipate a future product innovation by under-investing (if the n...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2013
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2013.09.003