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We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
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We examine the relationship between competition and innovation in an industry where production is polluting and R …&D aims to reduce emissions ("green" innovation). We present an n-firm oligopoly where firms compete in quantities and decide …
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