Sun, Chia-Hung - In: Atlantic Economic Journal 41 (2013) 2, pp. 133-148
Two versions of research and development (R&D) activities in a Hotelling model with endogenous spillover effect, one with cost-reducing R&D and the other with quality-improving R&D, are analyzed in this paper. The result points out that two such kinds of R&D activities will share identical...