Competition, comparison, and innovation

Sunku Hahn

Economics Letters, 2010, vol. 106, issue 2, 122-124

Abstract: Competitive firms can make a comparison with each other and easily figure out the better strategy, while monopoly firms cannot. Therefore, a competitive firm may be more likely to try low cost innovations than a monopoly firm may.

Keywords: Competition; Comparison; Innovation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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