Showing 21 - 30 of 664
This paper formulates a duopoly model in which firms care about relative profits as well as their own profits. Our purpose is to investigate the relationship between the weight of relative performance and R&D expenditure. We find a non-monotone relationship between the weight of relative...
Persistent link: https://www.econbiz.de/10005038412
Persistent link: https://www.econbiz.de/10005654890
Persistent link: https://www.econbiz.de/10005679064
We investigate a mixed market where a state-owned welfare-maximizing public firm competes against profit-maximizing private firms. We use a circular city model with quantity-setting competition. In contrast to a pure market case discussed by Pal (1998a), spatial agglomeration of private firms...
Persistent link: https://www.econbiz.de/10005770305
Persistent link: https://www.econbiz.de/10005615900
Persistent link: https://www.econbiz.de/10008552574
Persistent link: https://www.econbiz.de/10008491889
Persistent link: https://www.econbiz.de/10008526501
We investigate a mixed duopoly, where a state-owned welfare-maximizing public firm competes against a profit-maximizing private firm. We use a Hotelling-type spatial model which represents product differentiation. We endogenize production costs by introducing cost-reducing activities. We show...
Persistent link: https://www.econbiz.de/10005284606
Persistent link: https://www.econbiz.de/10005270195