Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159374
Authors: 
Mantovani, Andrea
Year of Publication: 
2005
Series/Report no.: 
Quaderni - Working Paper DSE 533
Abstract: 
We study complementarity between product and process innovation in a monopoly setting. First we consider the possibility for the firm to alternatively invest only along one of the two directions and compare the incentives of process vs product innovation. Then we allow the firm to invest simultaneously in both activities, showing that both investment levels as well as the profit are higher than in case of individual investment. Product and process innovations are then complementary and the firm always prefers a simultaneous adoption.
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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