Process R&D in Monopoly under Demand Uncertainty

IF 0.6 Q3 Economics, Econometrics and Finance

Economics Bulletin Pub Date : 2004-05-24 DOI:10.6092/UNIBO/AMSACTA/1545

L. Lambertini

引用次数: 5

Abstract

I investigate R&D efforts for process innovation in a monopoly with uncertain demand. Two different models are proposed, where either (i) the reservation price is affected by an additive shock and the marginal production cost is increasing, or (ii) a multiplicative shock on the slope of demand combines with a flat marginal production cost. In either case, price-setting behaviour generates a larger R&D investment than quantity-setting behaviour. An Arrovian interpretation of the first result and a Schumpeterian interpretation of the second are proposed.

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需求不确定性下垄断下的过程研发

研究了需求不确定垄断条件下工艺创新的研发努力。提出了两种不同的模型，其中(i)保留价格受到加性冲击的影响，边际生产成本增加，或(ii)需求斜率上的乘性冲击与边际生产成本持平。在任何一种情况下，价格设定行为都比数量设定行为产生更大的研发投资。提出了对第一个结果的阿罗维解释和对第二个结果的熊彼特解释。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Bulletin ECONOMICS-

CiteScore

1.60

自引率

0.00%

发文量

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