R&D Incentives and Market Structure: Dynamic Analysis

被引:0
|
作者
R. Cellini
L. Lambertini
机构
[1] University of Catania,Professor of Economics, Department of Economics
[2] University of Bologna,Professor of Economics, Department of Economics, Fellow, ENCORE, Department of Economics
[3] University of Amsterdam,undefined
关键词
Differential games; Optimal control; Research and development.;
D O I
暂无
中图分类号
学科分类号
摘要
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 increases monotonically with the number of firms. This Arrowian result contradicts the established wisdom acquired from static games on the same topic.
引用
收藏
页码:85 / 96
页数:11
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