Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/177616
Authors: 
Delbono, Flavio
Lambertini, Luca
Year of Publication: 
2017
Series/Report no.: 
Quaderni - Working Paper DSE 2006
Abstract: 
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate Arrovian, Schumpeterian and inverted-U curves. We interpret these different patterns on the basis of the rela- tive strength of the technological incentive and the strategic incentive.
Subjects: 
innovation
market structure
aggregate investment
JEL: 
L13
O31
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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