Kujal, Praveen; Ruiz Pérez, Juan Manuel - 2009
&D policy, in a model where investment in cost reducing R&D is committed before firms compete in a differentiated-goods third … differentiation the duopoly is subsidized or the government remains inactive. In contrast, the monopoly is always subsidized. The … government with a duopoly may be active or inactive depending on the degree of product differentiation. Thus, we may observe a …