Kawasaki, Akio; Lin, Ming Hsin; Matsushima, Noriaki - Institute of Social and Economic Research (ISER), Osaka … - 2010
We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover,...