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Monopoly versus R&D-integrated Duopoly

Amir, Rabah, Nannerup, Niels, Stepanova, Anna, Eguiazarova, Eline (2002) Monopoly versus R&D-integrated Duopoly. Manchester School, 70 (1). pp. 88-100. ISSN 1463-6786. (doi:10.1111/1467-9957.00285) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:7180)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
http://dx.doi.org/10.1111/1467-9957.00285

Abstract

In the standard two-stage framework of R&D/product market competition, this paper provides a performance comparison between monopoly and the cartelized research joint venture, using two well-known models based on different versions of the R&D spillover process. According to the model with a wider scope of application, monopoly always leads to a higher propensity for R&D and, when R&D costs are low, to the best overall market performance. The results also allow for a comparison between the two underlying models of strategic R&D.

Item Type: Article
DOI/Identification number: 10.1111/1467-9957.00285
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Anna Stepanova
Date Deposited: 09 Mar 2009 23:55 UTC
Last Modified: 16 Nov 2021 09:45 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/7180 (The current URI for this page, for reference purposes)

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