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An innovative firm with private information about its indivisible process innovation chooses strategically whether to apply for a patent with probabilistic validity or rely on secrecy. By doing so, the firm manages its rivals' beliefs about the size of the innovation, and affects the incentives...
Persistent link: https://www.econbiz.de/10008822610
A duopoly model of cost reducing R&D-Cournot competition is extended to study the endogenous timing of R&D strategic …
Persistent link: https://www.econbiz.de/10014059023
quality-improving investments. In many commonly-studied oligopoly games, such investments are strategic substitutes. We derive … commonly-studied oligopoly models. We also highlight plausible countervailing effects from two distinct sources. First, leading …, when firms are sufficiently patient. Key words: oligopoly games, strategic substitutes, innovation, investment, increasing …
Persistent link: https://www.econbiz.de/10014042210
We investigate the relationship between competition and innovation using a dynamic oligopoly model that endogenizes …
Persistent link: https://www.econbiz.de/10014042417
advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order …
Persistent link: https://www.econbiz.de/10011540791
&D aims to reduce emissions ("green" innovation). We present an n-firm oligopoly where firms compete in quantities and decide …
Persistent link: https://www.econbiz.de/10011730008
This article explores the possibility of associating firm size vis-à-vis industry size with firm-level R&D led-innovation and the resultant impact(s) on industry level output and price. We consider an oligopolistic industry having one dominant firm and some fringes. Innovation by the dominant...
Persistent link: https://www.econbiz.de/10012998664
We estimate an equilibrium model of dynamic oligopoly with durable goods and endogenous innovation to examine the …
Persistent link: https://www.econbiz.de/10014047910
We study the potential loss in social welfare and changes in incentives to invest in R&D that result when the market leading firm is deprived of its position. We show that under plausible assumptions like free entry or repeated market interactions there is a social value of market leadership and...
Persistent link: https://www.econbiz.de/10013155868
In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be …
Persistent link: https://www.econbiz.de/10012824572