Changing quality

Luigi Filippini

Risultato della ricerca: Working paper

Abstract

In a Stackelberg model the leader has the choice of the quality and imitation is costly. Paying a sunk cost is possible to have process or product innovation with some probability. An equilibrium is that the follwer invests and the leader does not.
Lingua originaleEnglish
EditoreDept. of Economics- Queen Mary college, university of London
Numero di pagine16
Stato di pubblicazionePubblicato - 1995

Keywords

  • product differentiation
  • quality

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