Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/76230 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Working Paper No. 0807
Verlag: 
University of Zurich, Socioeconomic Institute, Zurich
Zusammenfassung: 
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from two to four reduces investments. However, a positive effect is observed for a switch from Cournot to Bertrand, even though theory predicts a negative effect in the four-player case.
Schlagwörter: 
R&D investment
intensity of competition
experiment
JEL: 
C92
L13
O31
Dokumentart: 
Working Paper

Datei(en):
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