Quick Search:

uzh logo
Browse by:
bullet
bullet
bullet
bullet

Zurich Open Repository and Archive

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.

[img]
Preview
PDF
444kB

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.

Downloads

300 downloads since deposited on 29 Nov 2011
120 downloads since 12 months

Detailed statistics

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
DDC:330 Economics
JEL Classification:C92, L13, O31
Language:English
Date:May 2008
Deposited On:29 Nov 2011 22:47
Last Modified:09 Jul 2012 05:04
Series Name:Working paper series / Socioeconomic Institute
Official URL:http://www.econ.uzh.ch/wp.html

Users (please log in): suggest update or correction for this item

Repository Staff Only: item control page