Review of Economic Studies Vol. 52 No. 1 1985
Innovation and Imitation in a Duopoly
Abstract
In a duopoly where one firm has the idea for a non-patentable innovation, the expected profits from the innovation will not be a monotonic function of the cost of innovating. Furthermore, a costly innovation may be undertaken, where an inexpensive one would not have been, all other things being equal.
- DOI
- 10.2307/2297472
- Volume
- 52
- Issue
- 1
- Pages
- 99
- Sources
- bibtex:phds-export.bib openalex crossref