Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159338 
Year of Publication: 
2004
Series/Report no.: 
Quaderni - Working Paper DSE No. 497
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
Abstract: 
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 contradicts the established wisdom acquired from static games on the same topic.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Working Paper

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