Type
Article
Title
Competition, Innovation And Increasing Returns
In
Economics of Innovation and New Technology
Author(s)
AMENDOLA Mario - Sapienza Università di Roma (Author)
GAFFARD Jean-Luc - Observatoire français des conjonctures économiques (Author)
MUSSO Patrick - Groupe de Recherche en Droit, Economie et Gestion (Author)
Editor
CH : Hardwood Academic Publishers
Volume
9
Number
2
Pages
149 - 181 p.
ISSN
10438599
Keywords
Competition, Co-ordination, Innovation, Increasing returns
Abstract
EN
When firms enjoy increasing returns in presence of a high rate of innovation, competition may obtain due to the continuous changes in demand and cost conditions even when there is no differentiation and the products of competing firms are essentially homogeneous. In this paper we intend to provide theoretical structure to this conjecture, and to confirm it by carrying out a simulation analysis in the case of two firms competing on the market.

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