Process and product innovation in a vertically differentiated monopoly

Authors
Lambertini, L Orsini, R
Citation
L. Lambertini et R. Orsini, Process and product innovation in a vertically differentiated monopoly, ECON LETT, 68(3), 2000, pp. 333-337
Citations number
8
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
68
Issue
3
Year of publication
2000
Pages
333 - 337
Database
ISI
SICI code
0165-1765(200009)68:3<333:PAPIIA>2.0.ZU;2-C
Abstract
We analyse product and process innovations in a monopoly model with vertica l differentiation. The incentive towards both kinds of innovation is always larger under social planning than under monopoly. Therefore, the compariso n between the two regimes' welfare performance should account for the possi bility that the planner and the monopolist adopt different technologies and supply different product ranges. (C) 2000 Elsevier Science S.A, All rights reserved.