Too much R&D?: vertical differentiation in a model of monopolistic competition

This paper discusses a model of vertical and horizontal product differentiation within the Dixit-Stiglitz framework of monopolistic competition. Firms compete not only in prices and horizontal attributes of their products, but also in the quality that can be controlled by R&D activities. Based upon the results of a general equilibrium model, intra-sectoral trade and the welfare implications of public intervention in terms of research promotion are considered. The analysis involves a numerical application to ten basic European industries

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Year of publication:	2007
Authors:	Kranich, Jan
Publisher:	Lüneburg : Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
Subject:	Innovationswettbewerb \| Produktdifferenzierung \| Monopolistischer Wettbewerb \| Interindustrielle Verflechtung \| Forschungs- und Technologiepolitik \| Wohlfahrtseffekt \| Industrielle Forschung \| Theorie \| EU-Staaten

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Series:	Working Paper Series in Economics ; 59
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	543494519 [GVK] hdl:10419/28177 [Handle]
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; F12 - Models of Trade with Imperfect Competition and Scale Economies ; L13 - Oligopoly and Other Imperfect Markets ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	EconStor

Persistent link: https://www.econbiz.de/10010265155