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Technological leadership and persistence of monopoly under endogenous entry: static versus dynamic analysis
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SYSNO ASEP 0339603 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Ostatní články Title Technological leadership and persistence of monopoly under endogenous entry: static versus dynamic analysis Author(s) Kováč, E. (SK)
Vinogradov, V. (RU)
Žigić, Krešimir (NHU-C) RIDSource Title CERGE-EI Working Paper Series - ISSN 1211-3298
-, č. 401 (2009), s. 1-38Number of pages 38 s. Publication form www - www Language eng - English Country CZ - Czech Republic Keywords dynamic oligopoly ; endogenous entry ; persistence of monopoly Subject RIV AH - Economics R&D Projects LC542 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ MSM0021620846 - NHU-C Annotation 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. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2010
Number of the records: 1