haku: @author Rosenkranz, S. / yhteensä: 4
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| Tekijä: | Rosenkranz, S. |
| Otsikko: | Quality improvements and the incentive to leapfrog |
| Lehti: | International Journal of Industrial Organization
1997 : APR, VOL. 15:2, p. 243-261 |
| Asiasana: | INNOVATION PRODUCT DIFFERENTIATION ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | 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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