Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159204
Authors: 
Lambertini, Luca
Cellini, Roberto
Year of Publication: 
1999
Series/Report no.: 
Quaderni - Working Paper DSE 363
Abstract: 
We present a two-sector model where oligopolistic firms sell differentiated products. New products are introduced over time through formal R&D activity. Market competition takes place either a la Cournot or a la Bertrand. We show that tougher competition associated wit price-setting behavior does not entail a larger social welfare as long as it requires more effort for the production of the final goods.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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