Time-to-market in vertically differentiated industries
AbstractWe study the introduction of new products in a vertically differentiated industry. Innovative firms have to engage into reducing time-to-market investments in order to shorten the time interval between innovation and sales. Still, these investments generate irreversible costs which have to be put in balance with profits accruing to the firm when starting its sales earlier than otherwise. We characterize the optimal investment policies under various assumptions concerning the market structure.
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Bibliographic InfoArticle provided by The International Society for Economic Theory in its journal International Journal of Economic Theory.
Volume (Year): 3 (2007)
Issue (Month): 4 ()
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Other versions of this item:
- BACCHIEGA, Emmanuelle & GABSZEWICZ, Jean J. & TAROLA, Ornella, 2004. "Time-to-market in vertically differentiated industries," CORE Discussion Papers 2004077, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BACCHIEGA, Emanuele & GABSZEWICZ, Jean J. & TAROLLA, Ornella, . "Time-to-market in vertically differentiated industries," CORE Discussion Papers RP -2000, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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