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 …

In a recent paper, Alipranti et al. (2014, Price vs. quantity competition in a vertically related market, Economics … Letters, 124: 122-126) show that in a vertically related market Cournot competition yields higher social welfare compared to … Bertrand competition if the upstream firm subsidises the quantity setting downstream firm's production via negative wholesale …

becomes convoluted with information and payoff spillovers. The threat of competition pushes firms to enter earlier to preempt … elusive link between static market competition and dynamic entry competition …

We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …

This paper shows that if number of firms is determined endogenously, Cournot competition generates higher welfare … compared to Bertrand competition when products are sufficiently differentiated. If products are close substitutes, welfare is … higher under Bertrand competition. We show that the qualitative results are robust with respect to different demand …

-tournament R&D competition. We consider thatsuccess in R&D is uncertain. We show that whether firms invest more under … Cournotcompetition or Bertrand competition is ambiguous and depends on the probability ofsuccess in R&D but does not depend on the degree … of product differentiation. While‘static’ welfare is higher under Bertrand competition, we find that ‘dynamic’ welfare …

under Cournotcompetition compared to Bertrand competition when the initial cost difference of thesefirms is moderate; but …, for very small or very large cost initial cost differences, welfare ishigher under Bertrand competition. If licensing … occurs with per-unit output royalty,welfare is always higher under Bertrand competition. …

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 …