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Too much R&D? - Vertical differntiation in a model of monopolistic competition

  • 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.

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Metadaten
Author:Jan Kranich
URL: https://pub-data.leuphana.de/frontdoor/index/index/docId/491
Document Type:ResearchPaper
Language:English
Year of Completion:2007
Date of Publication (online):2007/09/10
Release Date:2007/09/10
Tag:Monopolistic Competition; Product Differentiation; R&D
GND Keyword:Forschung und Entwicklung; Monopolistische Konkurrenz; Produktdifferenzierung
Institutes:Universität / Frühere Fachbereiche
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft