standard results are reversed. A monopoly has an incentive to offer excessively specialised goods and delay innovation. It is …

distribution of income is favourable for innovation incentives. This is consistent with empirical evidence suggesting that …

We investigate what kind of competitive pressure induces existing firms to engage in more intensive innovation …

distribution of income is favourable for innovation incentives. This is consistent with empirical evidence suggesting that … ; innovation ; endogeneous growth ; product quality ; vertical product differentiation …

We show the effects of the bargaining power of labour unions on product innovation under decentralised and centralised … union bargaining power increases innovation if bargaining is decentralised, the market expansion effect is weak and the cost … of innovation is moderate but low. Otherwise, a higher union bargaining power reduces innovation. Hence, whether a higher …

We show the effects of the bargaining power of labour unions on product innovation under decentralised and centralised … union bargaining power increases innovation if bargaining is decentralised, the market expansion effect is weak and the cost … of innovation is moderate but low. Otherwise, a higher union bargaining power reduces innovation. Hence, whether a higher …

We set up a stylized oligopoly model of uncertain product innovation to analyze the effects of a merger on innovation …" channel and the internalization of the "innovation externality". We solve the model numerically and find that price … coordination between the two products of the merged firm tends to stimulate innovation, while internalization of the innovation …