costs to the products being advertised, - Elimination (or non-emergence) of competition in markets to the products being …

This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … model of oligopoly competition with di¤erentiated products where firms invest to reduce their marginal cost of production, I … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …

specialization/complexity effect, on the one hand, and the competition effect, on the other hand. How the interaction between these … of competition, remains unaffected by entry, as well as by market-size shocks. As a consequence, the competition effect …: (i) a competition effect, which stems from the market interactions between producers of intermediate inputs, and (ii) a …