Innovation and Imitation in a Duopoly
- 1 January 1985
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 52 (1) , 99-106
- https://doi.org/10.2307/2297472
Abstract
In a duopoly where one firm has the idea for a non-patentable innovation, the expected profits from the innovation will not be a monotonic function of the cost of innovating. Furthermore, a costly innovation may be undertaken, where an inexpensive one would not have been, all other things being equal.Keywords
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