Takahashi, Shuji - In: Economics of Innovation and New Technology 8 (1999) 4, pp. 355-365
In this theoretical article, we examine the effect of competition on a firm's investment in 'R&D capability'. We extend the horizons of the discussion on 'R&D capability' to market structure by using a simple two-firm patent race model in which the firms can invest in both final technology used...