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Competition and Innovation in Product Quality: Theory and Evidence from Eastern Europe and Central Asia
Karaman Kabadurmus, F.N.; Lahiri, S. (WALTER DE GRUYTER GMBH, 2014)This paper examines how the degree of competition affects incentives to innovate in product quality in a symmetric Cournot oligopolistic model. We model product quality in a quality-ladder framework and find an inverted-U ...
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