Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159339
Authors: 
Lambertini, Luca
Year of Publication: 
2004
Series/Report no.: 
Quaderni - Working Paper DSE 498
Abstract: 
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. This may ultimately yield monopoly power for the managerial firm, if technological spillovers in the industry are low enough.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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