Process and Product Innovation in a Vertically Differentiated Monopoly

We analyse product and process innovations in a monopoly model with vertical differentiation. The incentive towards both kinds of innovation is always larger under social planning than under monopoly. Therefore, the comparison between the two regimes` welfare performance should account for the possibility that the planner and the monopolist adopt different technologies and supply different product ranges.

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Year of publication:	2000
Authors:	Lambertini, Luca ; Orsini, Raimondello
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

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Series:	Quaderni - Working Paper DSE ; 367
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/4942 [DOI] hdl:10419/159208 [Handle] RePEc:bol:bodewp:367 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011651261