R&D Incentives and Market Structure: A Dynamic Analysis

Roberto Cellini and Luca Lambertini ()

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: We investigate dynamic R&D for process innovation in an oligopoly where firms invest in cost-reducing activities. We focus on the relationship between R&D intensity and market structure, proving that the industry R&D investment monotonically increases in the number of firms. This Arrowian result contradicts the established wisdom acquired from static games on the same topic.

Date: 2004
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Citations: View citations in EconPapers (19)

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Journal Article: R&D Incentives and Market Structure: Dynamic Analysis (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:497

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