dc.identifier.uri |
http://dx.doi.org/10.15488/2754 |
|
dc.identifier.uri |
http://www.repo.uni-hannover.de/handle/123456789/2780 |
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dc.contributor.author |
Kranich, Jan
|
|
dc.date.accessioned |
2018-02-09T10:22:03Z |
|
dc.date.available |
2018-02-09T10:22:03Z |
|
dc.date.issued |
2009 |
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dc.identifier.citation |
Kranich, J.: Too much R&D? - vertical differentiation and monopolistic competition. In: Journal of Economic Studies 36 (2009), Nr. 6, S. 641-659. DOI: https://doi.org/10.1108/01443580911001779 |
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dc.description.abstract |
Purpose: This paper aims to discuss whether product research and development (R&D) in developed economies tends to be too high compared with the socially desired level. Design/methodology/approach: In this context, a model of vertical and horizontal product differentiation within the Dixit-Stiglitz framework of monopolistic competition is set up. Firms compete in horizontal attributes of their products, and also in quality that can be controlled by R&D investments. Findings: The paper reveals that in monopolistic-competitive industries, R&D intensity is positively correlated with market concentration. Furthermore, welfare and policy analysis demonstrate an overinvestment in R&D with the result that vertical differentiation is too high and horizontal differentiation is too low. The only effective policy instrument in order to contain welfare losses is a price control of R&D services. Originality/value: Considering the extent of product R&D as well as the political efforts to promote public and private research, this paper scrutinizes its benefit incorporating income and employment effects. Thus, it goes beyond partial-analytical models of the existing industrial organization literature and provides a larger base of political analysis. © Emerald Group Publishing Limited. |
eng |
dc.language.iso |
eng |
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dc.publisher |
Bingley : Emerald Group Publishing Ltd. |
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dc.relation.ispartofseries |
Journal of Economic Studies 36 (2009), Nr. 6 |
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dc.rights |
Es gilt deutsches Urheberrecht. Das Dokument darf zum eigenen Gebrauch kostenfrei genutzt, aber nicht im Internet bereitgestellt oder an Außenstehende weitergegeben werden. Dieser Beitrag ist aufgrund einer (DFG-geförderten) Allianz- bzw. Nationallizenz frei zugänglich. |
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dc.subject |
Competitive strategy |
eng |
dc.subject |
Monopolies |
eng |
dc.subject |
Product design |
eng |
dc.subject |
Research and development |
eng |
dc.subject.ddc |
330 | Wirtschaft
|
ger |
dc.title |
Too much R&D? - vertical differentiation and monopolistic competition |
eng |
dc.type |
Article |
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dc.type |
Text |
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dc.relation.issn |
0144-3585 |
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dc.relation.doi |
https://doi.org/10.1108/01443580911001779 |
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dc.bibliographicCitation.issue |
6 |
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dc.bibliographicCitation.volume |
36 |
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dc.bibliographicCitation.firstPage |
641 |
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dc.bibliographicCitation.lastPage |
659 |
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dc.description.version |
publishedVersion |
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tib.accessRights |
frei zug�nglich |
|