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Welfare properties of strategic R&D investments in Hotelling models

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  • Matsumura, Toshihiro
  • Matsushima, Noriaki

Abstract

In linear-city models, if firms are allowed (not allowed) to locate outside the linear city, they engage in excessive (insufficient) R&D investments from the normative viewpoint. This implies that the feasible set of locations drastically affects their investments.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 115 (2012)
Issue (Month): 3 ()
Pages: 465-468

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Handle: RePEc:eee:ecolet:v:115:y:2012:i:3:p:465-468

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: R&D; Spatial competition; Welfare;

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References

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  10. Girma, Sourafel & Gorg, Holger & Strobl, Eric, 2007. "The effect of government grants on plant level productivity," Economics Letters, Elsevier, vol. 94(3), pages 439-444, March.
  11. Matsumura, Toshihiro & Matsushima, Noriaki, 2011. "Collusion, agglomeration, and heterogeneity of firms," Games and Economic Behavior, Elsevier, vol. 72(1), pages 306-313, May.
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  14. Lai, Fu-Chuan & Tsai, Jyh-Fa, 2004. "Duopoly locations and optimal zoning in a small open city," Journal of Urban Economics, Elsevier, vol. 55(3), pages 614-626, May.
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