R&D Incentives and Market Structure: A Dynamic Analysis

We investigate dynamic R&D for process innovation in an oligopoly where firms invest in cost-reducing activities. We focus on the relationship between R&D intensity and market structure, proving that the industry R&D investment monotonically increases in the number of firms. This Arrowian result contradicts the established wisdom acquired from static games on the same topic.

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Year of publication:	2004
Authors:	Cellini, Roberto ; Lambertini, Luca
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Subject:	Forschung \| Technischer Fortschritt \| Marktstruktur \| Oligopol \| Spillover-Effekt \| Dynamisches Spiel \| Theorie

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Series:	Quaderni - Working Paper DSE ; 497
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/4797 [DOI] 378742280 [GVK] hdl:10419/159338 [Handle] RePEc:bol:bodewp:497 [RePEc]
Source:	EconStor

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