The long run Dynamics of heterogeneous Product and Process Innovations for a Multi Product Monopolist

Anton Bondarev ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper introduces the dynamical framework which combines product and process innovations. The model contributes to the theoretical literature on innovations in two ways. First, it permits for the simultaneous dynamics of both types of innovations which is rarely considered in the literature. Second, the products being generated by the innovations are heterogeneous in their investment characteristics. This allows for the formation of the dynamic interdependency between both types of innovations. As a result the steady state levels of process innovations for each product are different and influence the dynamics of product innovations in turn.

Keywords: Product Innovations; Process Innovations; Dynamics; Multiproduct; Heterogeneous; Duopoly (search for similar items in EconPapers)
JEL-codes: C02 L0 O31 (search for similar items in EconPapers)
Date: 2010-12, Revised 2011-11-26
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

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https://mpra.ub.uni-muenchen.de/35195/1/MPRA_paper_35195.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/36669/3/MPRA_paper_36669.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/45266/10/MPRA_paper_45266.pdf revised version (application/pdf)

Related works:
Journal Article: The long-run dynamics of product and process innovations for a multi-product monopolist (2012)
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