Too much R&D? - Vertical differentiation in a model of monopolistic competition

被引：0
|
作者：
Kranich, Jan
机构：
来源：
PROCEEDINGS OF THE 2ND EUROPEAN CONFERENCE ON ENTREPRENEURSHIP AND INNOVATION | 2007年
关键词：
R&D; monopolistic competition; product differentiation;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper discusses a model of vertical and horizontal product differentiation within the Dixit-Stiglitz framework of monopolistic competition. Firms do not only compete in prices and horizontal attributes of their products, but also in the quality that can be controlled by R&D activities. Based upon the results of a general equilibrium model, the welfare implications of public intervention in terms of research promotion are considered. The analysis is completed by a numerical application to ten basic European industries.
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页码：81 / 90
页数：10
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