COMPLEMENTARITY BETWEEN PRODUCT AND PROCESS INNOVATION IN A MONOPOLY SETTING

被引：70

作者：

Mantovani, Andrea ^{[1
]}

机构：

[1] Univ Bologna, Dept Econ, I-40125 Bologna, Italy

来源：

ECONOMICS OF INNOVATION AND NEW TECHNOLOGY | 2006年 / 15卷 / 03期

关键词：

Complementarity; Product innovation; Process innovation;

D O I：

10.1080/10438590500197315

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article we study complementarity between market-enhancing product innovation and cost-reducing process innovation in a monopoly setting. First, we consider the possibility for a firm to alternatively invest only along one of the two directions and compare the incentives of process vs. product innovation. Then, we allow the firm to invest simultaneously in both activities, showing that both investment levels and profit are higher than in the case of individual investment. Thus, product and process innovations are complementary, and the firm always prefers the simultaneous adoption of both activities.

引用

页码：219 / 234

页数：16

共 37 条

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