Battaggion, Maria Rosa; Tedeschi, Piero - Dipartimento di Scienze Aziendali, Economiche e Metodi … - 2006
We study the relationship between process and product innovations in vertically differentiated duopolies. A process innovation can lead two competing firms to improve the quality of their goods introducing a product innovation. In fact, a cost reducing innovation has two effects: it spurs...
