Two state capital accumulation with heterogenous products: Disruptive vs. non-disruptive goods

被引：6

作者：

Caulkins, Jonathan P. ^{[1
]}

Feichtinger, Gustav ^{[2
]}

Grass, Dieter ^{[2
]}

Hartl, Richard F. ^{[3
]}

Kort, Peter M. ^{[4
,5
]}

机构：

[1] Carnegie Mellon Univ, Heinz Coll, Pittsburgh, PA 15237 USA

[2] Vienna Univ Technol, Vienna, Austria

[3] Univ Vienna, A-1010 Vienna, Austria

[4] Tilburg Univ, Tilburg, Netherlands

[5] Univ Antwerp, Antwerp, Belgium

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2011年 / 35卷 / 04期

关键词：

Investment; Product innovation; Maximum principle; Skiba curve; COURNOT EQUILIBRIA; BERTRAND; EFFICIENCY; DUOPOLY; MODEL;

D O I：

10.1016/j.jedc.2010.09.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper considers the problem of a firm that, while producing a standard product, has the option to introduce an innovative product. The innovative product competes with the standard product and will therefore reduce revenues of the standard product. A distinction is made between innovative products that do or do not become even more relatively appealing as their market share grows (e.g., because of network externalities). It is shown that in the former case, which we call a "disruptive" good, history dependent long run equilibria can occur, which are in line with recent real life economic examples. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：462 / 478

页数：17

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