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Dynamic duopolies with non-convex adjustment costs

✍ Scribed by J. Miguel Villas-Boas

Book ID
116101464
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
308 KB
Volume
39
Category
Article
ISSN
0165-1765

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## SUMMARY I investigate a spatial duopoly model with linear transportation costs as a differential game where product differentiation is the result of firms' R&D investments. Two related results obtain, i.e. (i) the steady‐state R&D investment (product differentiation) is negatively (positively) r