Endogenous product differentiation and product RandD in spatial Cournot competition

We investigate in a spatial Cournot competition setting how much product research and development (RandD) investment firms make in order to differentiate their goods. The model features a location competition in the first stage, RandD competition in the second stage, and Cournot competition in the t...

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Bibliographic Details
Published in:The Annals of regional science 2012-08, Vol.49 (1), p.117-133
Main Authors: Ebina, Takeshi, Shimizu, Daisuke
Format: Article
Language:English
Subjects:
Competition
Costs
Demand functions
Investment
Product differentiation
Research and development
Online Access:Get full text
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