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Competition, Innovation And Increasing Returns

Abstract : When firms enjoy increasing returns in presence of a high rate of innovation, competition may obtain due to the continuous changes in demand and cost conditions even when there is no differentiation and the products of competing firms are essentially homogeneous. In this paper we intend to provide theoretical structure to this conjecture, and to confirm it by carrying out a simulation analysis in the case of two firms competing on the market.
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Submitted on : Wednesday, December 8, 2021 - 10:34:18 PM
Last modification on : Thursday, August 4, 2022 - 4:56:41 PM

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  • HAL Id : hal-03471605, version 1
  • SCIENCESPO : 2441/6519

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Mario Amendola, Jean-Luc Gaffard, Patrick Musso. Competition, Innovation And Increasing Returns. Economics of Innovation and New Technology, Taylor & Francis (Routledge), 2000, 9 (2), pp.149 - 181. ⟨hal-03471605⟩

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