The long run Dynamics of heterogeneous Product and Process Innovations for a Multi Product Monopolist
AbstractThis paper introduces the dynamical framework which combines product and process innovations. The model contributes to the theoretical literature on innovations in two ways. First, it permits for the simultaneous dynamics of both types of innovations which is rarely considered in the literature. Second, the products being generated by the innovations are heterogeneous in their investment characteristics. This allows for the formation of the dynamic interdependency between both types of innovations. As a result the steady state levels of process innovations for each product are different and influence the dynamics of product innovations in turn.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 35195.
Date of creation: Dec 2010
Date of revision: 26 Nov 2011
Product Innovations; Process Innovations; Dynamics; Multiproduct; Heterogeneous; Duopoly;
Other versions of this item:
- Anton Bondarev, 2012. "The long-run dynamics of product and process innovations for a multi-product monopolist," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 21(8), pages 775-799, November.
- L0 - Industrial Organization - - General
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-13 (All new papers)
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