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Type | Working Paper |
Scope | Discipline-based scholarship |
Title | Competition and Innovation: An Experimental Investigation |
Organization Unit | |
Authors |
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Language |
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Institution | University of Zurich |
Series Name | Working paper series / Socioeconomic Institute |
Number | No. 807 |
Date | 2008 |
Abstract Text | The paper analyzes the effects of more intense competition on firms’ incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from two to four reduces investments. However, a positive effect is observed for a switch from Cournot to Bertrand, even though theory predicts a negative effect in the four-player case. |
Official URL | http://www.econ.uzh.ch/wp.html |
PDF File | Download from ZORA |
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