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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52394

Sacco, Dario; Schmutzler, Armin (2008). Competition and Innovation: An Experimental Investigation. Working paper series / Socioeconomic Institute No. 807, University of Zurich.

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Abstract

The paper analyzes the e?ects of more intense competition on ?rms’ incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of ?rms from two to four reduces investments. However, a positive e?ect is observed for a switch from Cournot to Bertrand, even though theory predicts a negative e?ect in the four-player case.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
Dewey Decimal Classification:330 Economics
JEL Classification:C92, L13, O31
Language:English
Date:May 2008
Deposited On:29 Nov 2011 22:47
Last Modified:05 Apr 2016 15:12
Series Name:Working paper series / Socioeconomic Institute
Official URL:http://www.econ.uzh.ch/wp.html

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