Arbeitspapier
Multi-market competition, R&D, and welfare in oligopoly
We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover, the incumbent's profit nonmonotonically changes as the number of entrants increases. Depending on the fixed entry costs and R&D technologies, both insufficient and excess entry can appear.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 796
- Klassifikation
-
Wirtschaft
Oligopoly and Other Imperfect Markets
Management of Technological Innovation and R&D
Production, Pricing, and Market Structure; Size Distribution of Firms
- Thema
-
multi-market
oligopoly
process R&D
entry
welfare
Markteintritt
Investition
Technischer Fortschritt
Wohlfahrtsanalyse
Oligopol
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kawasaki, Akio
Lin, Ming Hsin
Matsushima, Noriaki
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Kawasaki, Akio
- Lin, Ming Hsin
- Matsushima, Noriaki
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2010