Arbeitspapier
Dynamic Duopoly with Vertical Differentiation
I analyse a differential game where firms, through capital accumulation over time, supply vertically differentiated goods. This proves that several results obtained by the static approach are not robust. I show that (i) the sustainability of the duopoly regime is conditional upon the level of firms' R&D investments; (ii) there are quality ranges where the low quality firm invests more than the high quality firm; (ii) there are quality ranges where the low quality firm's profits are larger than the high quality firm's.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 396
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lambertini, Luca
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
2001
- DOI
-
doi:10.6092/unibo/amsacta/4905
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 2001
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