R&D competition and the persistence of technology leadership
(2020)
Journal Article
Beladi, H., & Mukherjee, A. (2022). R&D competition and the persistence of technology leadership. International Journal of Economic Theory, 18(3), 272-284. https://doi.org/10.1111/ijet.12289
We show that whether a technology leader invests more in R&D compared to a technology follower may depend on the R&D process and whether the follower is in the market. Considering Cournot competition, we show that if the firms are in the market, the... Read More about R&D competition and the persistence of technology leadership.