innovation. Innovation changes the status quo pay-off, and thereby affects the distribution of the gains from collusion. The … resulting innovation incentive is strictly smaller than in the competitive case …

This paper explores the effects of innovation efficiency on technology gap and product diversity between a leading firm … and its competitor. Our analysis shows some interesting results: when innovation efficiency is sufficiently large and … firm will choose to reduce product diversity which intensifies price competition. We have also examined the role of …

loss that arises from more intense market competition: the low-cost firms’ profits may indeed increase with the number of … Ford’s strategy of disclosing its know-how publicly and extensively at the beginning of the 20th century. -- Competition …