How do financial constraints influence innovative activities of firms? In a two-period model of price competition with … and might even become a monopolist in the second period of competition. If we finally assume that both firms are …

game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and …

I analyze the effects of competition on process innovation and product introduction and obtain robust results that hold … for a range of market structures and competition modes. It is found that increasing the number of firms tends to decrease …, increases itprovided that the average demand for product varieties does not shrink. Increasing market size increases cost …