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Minimum quality standards and predatory behaviour

Lambertini, Luca; Scarpa, Carlo - 1999

This paper shows that the introduction of a minimum quality standard can have repercussions on market structure, opening the possibility of predatory behaviour. The predatory equilibrium exists independently of whether or not adjustment costs are present. Moreover, whenever predation is an...

Persistent link: https://www.econbiz.de/10011608549

Minimum quality standards and predatory behaviour

Lambertini, Luca; Scarpa, Carlo - 1999

Persistent link: https://www.econbiz.de/10001446656

The Heterogeneous Effects of the Minimum Wage on Employment Across States

Wang, Wuyi; Phillips, Peter C. B.; Su, Liangjun - 2022

This paper studies the relationship between the minimum wage and the employment rate in the US using the framework of a … on employment across states which are classified into a group structure. The effects on employment are the same within … findings reveal substantial heterogeneity in the impact of the minimum wage on employment across groups, with both positive and …

Persistent link: https://www.econbiz.de/10013296477

R&D Incentives and Market Structure: A Dynamic Analysis

Cellini, Roberto; Lambertini, Luca - 2004

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...

Persistent link: https://www.econbiz.de/10011651391

Innovation and Managerial Incentives: A Tale of Two Systems

Lambertini, Luca - 2004

This paper describes R&D competition between a managerial firm and an entrepreneurial one, in a Cournot market. It is shown that a manager interested in output expansion exerts higher R&D efforts, yielding productive efficiency as compared to the performance of a strictly profit-seeking firm....

Persistent link: https://www.econbiz.de/10011651392

Process R&D in Monopoly under Demand Uncertainty

Lambertini, Luca - 2004

I investigate R&D efforts for process innovation in a monopoly with uncertain demand. Two different models are proposed, where either (i) the reservation price is affected by an additive shock and the marginal production cost is increasing, or (ii) a multiplicative shock on the slope of demand...

Persistent link: https://www.econbiz.de/10011651401

The gains from cooperative R&D with a concave technology and spillovers

Lambertini, Luca; Rossini, Gianpaolo - 2004

We reassess the respective gains from R&D cooperation and competition in a Cournot Duopoly with homogeneous goods, where firms adopt a concave cost-reducing R&D technology. Contrary to the previous literature on the same topic, our main results are that (i) no corner solutions emerge and (ii)...

Persistent link: https://www.econbiz.de/10011651402

R&D for Quality Improvement and Network Externalities

Lambertini, Luca; Orsini, Raimondello - 2004

We investigate the bearings of network externalities on product quality improvements requiring costly R&D investments. The model considers the dynamic behaviour of a monopolist alternatively maximising profits or social welfare. On the one hand, we confirm much of the acquired wisdom from the...

Persistent link: https://www.econbiz.de/10011651410

R&D Incentives under Bertrand Competition: A Differential Game

Cellini, Roberto; Lambertini, Luca - 2004

Persistent link: https://www.econbiz.de/10011651413

Process and Product Innovation: a Differential Game Approach to Product Life Cycle

Lambertini, Luca; Mantovani, Andrea - 2004

We investigate the timing of adoption of product and process innovation by using a differential game in which firms may invest in both activities. We consider horizontal product innovation that reduces product substitutability, and process innovation that reduces marginal cost. First, we...

Persistent link: https://www.econbiz.de/10011651423

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