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| Author: | Lin, P. |
| Title: | Process and product R&D by a multiproduct monopolist |
| Journal: | Oxford Economic Papers
2004 : OCT, VOL. 56:4, p. 735-743 |
| Index terms: | Monopoly Multiproduct companies Product development R&D |
| Language: | eng |
| Abstract: | This study shows that the claim in Lambertini that a multiproduct monopolist's incentive for process R&D declines with the number of products it offers is incorrect. This incentive is in fact an increasing function of the number of products in his model. The model of Lambertini is further extended to show that whether or not process R&D incentive and the number of varieties are positively related depends on the degree of scope economies in process R&D. |
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