Nur, Karaman Fatma; Sajal, Lahiri - In: The B.E. Journal of Economic Analysis & Policy 14 (2014) 3, pp. 36-36
This paper examines how the degree of competition affects incentives to innovate in product quality in a symmetric Cournot oligopolistic model. We model product quality in a quality-ladder framework and find an inverted-U shaped relationship between the number of firms in an industry and R&D...