Network Externalities And Process R&D: A Cournot-Bertrand Comparison
Published By: Indira Gandhi Institute of Development Research on | Published Date: July , 2016This paper examines the implication of the nature of competition in a market with network externalities on strategic investment in process R&D by firms. It shows that network externalities have a positive effect on process R&D, regardless of the nature of product market competition; but, that effect is larger under Bertrand competition than under Cournot competition. [WP-2016-020]
Author(s): Mili Naskar, Rupayan Pal | Posted on: Jul 25, 2016 | Views() | Download (541)