search query: @author Rosenkranz, S. / total: 4
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| Author: | Rosenkranz, S. |
| Title: | Quality improvements and the incentive to leapfrog |
| Journal: | International Journal of Industrial Organization
1997 : APR, VOL. 15:2, p. 243-261 |
| Index terms: | INNOVATION PRODUCT DIFFERENTIATION ECONOMICS |
| Language: | eng |
| Abstract: | In a model of an uncovered market of vertically differentiated products, incentives of non-identical duopolists to improve the technological maximum quality are analyzed. It is assumed that initially firms offer products with different qualities and that the R & D cost function changes exogenously. This induces a reconsideration of firms' quality decisions. Both firms have the same R & D costs for improving the maximum quality. Quality changes within the existing quality range are assumed to incur only fixed adjustment costs. |
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