When Small Firms Fight Back Against Large Firms in R&D Activities

被引:1
|
作者
Matsumura, Toshihiro [1 ]
Matsushima, Noriaki [2 ]
机构
[1] Univ Tokyo, Tokyo 1138654, Japan
[2] Osaka Univ, Suita, Osaka 565, Japan
来源
关键词
firm heterogeneity; R&D; economies of scale; product positioning; PRODUCT DIFFERENTIATION; COURNOT OLIGOPOLY; MARKET DOMINANCE; COST REDUCTIONS; COMPETITION; WELFARE; INNOVATION; EVOLUTION; INFORMATION; INVESTMENT;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates an asymmetric duopoly model with R&D competition and product positioning. We find that an inefficient (small) firm may engage in R&D more intensively than an efficient (large) firm in spite of economies of scale in R&D activities. Contrary to the findings of previous studies, competition is more likely to have a positive effect on the investments of the small firm than on those of the large firm. We also find that improving the efficiency of the inefficient firm can reduce both social and consumer surplus.
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页数:41
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