Mukherjee, Arijit; Ray, Achintya - In: Manchester School 82 (2014) 3, pp. 284-295
type="main" <p>We show the effects of entry of a new firm on the profits and welfare when the firms share the same initial cost of production but differ in terms of the costs of undertaking R&D. Considering a Cournot oligopoly model with innovation and linear demand and production costs, we show...</p>