Process and Product Innovation in a Vertically Differentiated Monopoly

Luca Lambertini () and Raimondello Orsini ()

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: We analyse product and process innovations in a monopoly model with vertical differentiation. The incentive towards both kinds of innovation is always larger under social planning than under monopoly. Therefore, the comparison between the two regimes` welfare performance should account for the possibility that the planner and the monopolist adopt different technologies and supply different product ranges.

Date: 2000
New Economics Papers: this item is included in nep-ino and nep-mic
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Citations: View citations in EconPapers (24)

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Journal Article: Process and product innovation in a vertically differentiated monopoly (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:367

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