This paper investigates the impact of technical progress on the relationship between competition an investment. Using a …, I find that technical progress, which increases the impact of investment on cost reduction, decreases the level of … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …

This paper investigates the impact of technical progress on the relationship between competition an investment. The …. In a context of duopoly, technical progress raises investment of the industry and tends to reduce the degree of … substitutability that maximizes investment. Five examples illustrate this feature and highlight the fact that technical progress is not …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … find that technical progress, which increases the impact of investment on cost reduction, decreases the level of … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …