Technology Strategy and Product Diversity
AbstractThis paper considers a three-stage game of a differentiated oligopoly: firms first make their entry decisions, then they choose production technologies and in the third stage of the game they decide product prices. The technology choice can be understood as selecting a technology from a pool of recently available technologies as well as developing a new technology by innovative activities. The market equilibrium outcome is then compared with the social optimum.
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Bibliographic InfoPaper provided by School of Economics, La Trobe University in its series Working Papers with number 1996.13.
Length: 19 pages
Date of creation: 1996
Date of revision:
Market Structure; Oligopolies; Research and Development;
Other versions of this item:
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- 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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