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Technological leadership and persistence of monopoly under endogenous entry: static versus dynamic analysis
- 1.0339603 - NHU-C 2010 RIV CZ eng J - Journal Article
Kováč, E. - Vinogradov, V. - Žigić, Krešimir
Technological leadership and persistence of monopoly under endogenous entry: static versus dynamic analysis.
CERGE-EI Working Paper Series. -, č. 401 (2009), s. 1-38. ISSN 1211-3298
R&D Projects: GA MŠMT LC542
Institutional research plan: CEZ:MSM0021620846
Keywords : dynamic oligopoly * endogenous entry * persistence of monopoly
Subject RIV: AH - Economics
http://www.cerge-ei.cz/pdf/wp/Wp401.pdf
We build a dynamic oligopoly model with endogenous entry in which a particular firm (leader) invests in an innovation process, facing the subsequent entry of other firms (followers). We identify conditions that make it optimal for the leader in the initial oligopoly situation to undertake pre-emptive R&D investment (strategic predation) eventually resulting in the elimination of all followers.
Permanent Link: http://hdl.handle.net/11104/0183079
Number of the records: 1