Article ID Journal Published Year Pages File Type
5078055 International Journal of Industrial Organization 2013 9 Pages PDF
Abstract
► We study how competition affects multiproduct firms' investment in process R&D. ► A duopolist's R&D portfolio is more specialized than that of a monopolist. ► Equilibrium R&D portfolio is more specialized as products become more similar. ► R&D cooperation leads to lower and more specialized R&D efforts.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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The effects of competition on the R&D portfolios of multiproduct firms
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