TY  - GEN
A1  - Kranich, Jan
T1  - Too much R&D? - Vertical differntiation in a model of monopolistic competition
N2  - This paper discusses a model of vertical and horizontal product differentiation within the Dixit-Stiglitz framework of monopolistic competition. Firms compete not only in prices and horizontal attributes of their products, but also in the quality that can be controlled by R&D activities. Based upon the results of a general equilibrium model, intra-sectoral trade and the welfare implications of public intervention in terms of research promotion are considered. The analysis involves a numerical application to ten basic European industries.
KW  - Forschung und Entwicklung
KW  - Monopolistische Konkurrenz
KW  - Produktdifferenzierung
KW  - R&D
KW  - Monopolistic Competition
KW  - Product Differentiation
Y1  - 2007
UR  - http://pub-data.leuphana.de/frontdoor/index/index/docId/491
ER  -