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This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product …
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This paper derives a three stage Cournotoligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
Persistent link: https://www.econbiz.de/10013428414