Product and Process R&D under Asymmetric Demands - 10.1628/jite-2018-0015 - Mohr Siebeck
Wirtschaftswissenschaft

Yi-Jie Wang, Kung-Cheng Andy Wang, Wen-Jung Liang, Bo-Yi Lee

Product and Process R&D under Asymmetric Demands

Jahrgang 175 () / Heft 3, S. 537-557 (21)

21,00 € inkl. gesetzl. MwSt.
Artikel PDF
We develop a two-market model with asymmetric demands to examine the optimal product and process R&D under Bertrand and Cournot competition. We show that when the big market is sufficiently large and the cost parameter of product R&D is small or when the market is symmetric and the marginal disutility rate is high, the Cournot aggregate product R&D is greater than that under Bertrand competition. Next, when the big market is not sufficiently large and the cost parameter of product R&D is small, the Bertrand aggregate process R&D is greater than that under Cournot competition if the marginal disutility rate is low.
Personen

Yi-Jie Wang Keine aktuellen Daten verfügbar.

Kung-Cheng Andy Wang Keine aktuellen Daten verfügbar.

Wen-Jung Liang Keine aktuellen Daten verfügbar.

Bo-Yi Lee Keine aktuellen Daten verfügbar.