𝔖 Bobbio Scriptorium
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Optimal Patent Design and the Diffusion of Innovations

✍ Scribed by Carmen Matutes, Pierre Regibeau and Katharine Rockett

Book ID
120811008
Publisher
The RAND Corporation
Year
1996
Tongue
English
Weight
521 KB
Volume
27
Category
Article
ISSN
0741-6261

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In this paper, we solve the problem of optimal control of products diffusion by quality in a context of monopolistic competition. To do so, we introduce a dynamic demand function leaning on two hypotheses: first, price acts a signal of quality; second, demand is more sensitive to quality than to pri