competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …

This paper shows the possibility of higher welfare under Cournot competition in an asymmetric cost duopoly when the … higher under Cournot competition compared to Bertrand competition when the initial cost difference of these firms is moderate …; but, for very small or very large cost initial cost differences, welfare is higher under Bertrand competition. If …

, We show that, in presence of licensing, the incentive for innovation may also be stronger under decentralized unions …