Process and product innovation: A differential game approach to product life cycle
نویسندگان
چکیده
منابع مشابه
Process and Product Innovation: a Differential Game Approach to Product Life Cycle
We investigate the timing of adoption of product and process innovation by using a differential game in which firms may invest in both activities. We consider horizontal product innovation that reduces product substitutability, and process innovation that reduces marginal cost. First, we demonstrate that the incentive for cost-reducing investment is relatively higher than the incentive to incre...
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ژورنال
عنوان ژورنال: International Journal of Economic Theory
سال: 2010
ISSN: 1742-7355,1742-7363
DOI: 10.1111/j.1742-7363.2010.00132.x