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Heterogeneous product and process innovations for a multi-product monopolist under finite life-cycles of production technologies

  • Bondarev, Anton A.

Current paper analyses the influence of the length of production technologies life-cycles on the relative intensity of investments of a multi-product monopolist into different types of innovations. This monopolist is developing new versions of the basic product continuously and simultaneously invests into the production technologies of all these new products. In the paper the finite character of these products' life-cycles is assumed. These finite life-cycles are treated for the purposes of the paper as patents which are granted to the monopolist for the production and upgrading of every new product he/she introduces into the market. It is demonstrated that under the condition of finite-time life-cycles of new products the monopolist prefers to invest into process innovations for already introduced products rather than introducing the new ones in relative measure. It is argued, that this is not the case under infinite life-cycles for all these products where the monopolist invests relatively the same amounts into both types of innovations.

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File URL: https://mpra.ub.uni-muenchen.de/38243/1/MPRA_paper_38243.pdf
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File URL: https://mpra.ub.uni-muenchen.de/45052/1/MPRA_paper_38243.pdf
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File URL: https://mpra.ub.uni-muenchen.de/45052/8/MPRA_paper_45052.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 38243.

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Date of creation: 20 Apr 2012
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Handle: RePEc:pra:mprapa:38243
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  1. repec:ren:journl:v:1:y:2009:i:1:p:80-97 is not listed on IDEAS
  2. Bondarev, Anton A., 2012. "Heterogeneous product and process innovations for a multi-product monopolist under finite life-cycles of production technologies," MPRA Paper 38243, University Library of Munich, Germany.
  3. Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," UWO Department of Economics Working Papers 8904, University of Western Ontario, Department of Economics.
  4. Dawid, Herbert & Greiner, Alfred & Zou, Benteng, 2010. "Optimal foreign investment dynamics in the presence of technological spillovers," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 296-313, March.
  5. Denicolo, Vincenzo, 1996. "Patent Races and Optimal Patent Breadth and Length," Journal of Industrial Economics, Wiley Blackwell, vol. 44(3), pages 249-65, September.
  6. L. Lambertini & A. Mantovani, 2004. "Process and Product Innovation: a Differential Game Approach to Product Life Cycle," Working Papers 529, Dipartimento Scienze Economiche, Universita' di Bologna.
  7. Richard Gilbert & Carl Shapiro, 1990. "Optimal Patent Length and Breadth," RAND Journal of Economics, The RAND Corporation, vol. 21(1), pages 106-112, Spring.
  8. Suzanne Scotchmer, 1996. "Protecting Early Innovators: Should Second-Generation Products Be Patentable?," RAND Journal of Economics, The RAND Corporation, vol. 27(2), pages 322-331, Summer.
  9. Farrell, Joseph & Shapiro, Carl, 2004. "Intellectual Property, Competition, and Information Technology," Competition Policy Center, Working Paper Series qt3s03932b, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
  10. Vincenzo Denicolo, 2002. "Sequential innovation and the patent-antitrust conflict," Oxford Economic Papers, Oxford University Press, vol. 54(4), pages 649-668, October.
  11. 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.
  12. repec:hrv:faseco:12490578 is not listed on IDEAS
  13. Hopenhayn, Hugo A & Mitchell, Matthew F, 2001. "Innovation Variety and Patent Breadth," RAND Journal of Economics, The RAND Corporation, vol. 32(1), pages 152-66, Spring.
  14. L. Lambertini, 2008. "Optimal Product Proliferation in Monopoly: A Dynamic Analysis," Working Papers 648, Dipartimento Scienze Economiche, Universita' di Bologna.
  15. Luca Lambertini & Raimondello Orsini, 2001. "Network Externalities and the Overprovision of Quality by a Monopolist," Southern Economic Journal, Southern Economic Association, vol. 67(4), pages 969-982, April.
  16. Bondarev, Anton, 2012. "Product and quality innovations: an optimal control approach," Center for Mathematical Economics Working Papers 439, Center for Mathematical Economics, Bielefeld University.
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