Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/159339 
Year of Publication: 
2004
Series/Report no.: 
Quaderni - Working Paper DSE No. 498
Publisher: 
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
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: 
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Document Type: 
Working Paper

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