TY  - UNPD
A1  - Escrihuela-Villar, Marc
T1  - Innovation and market concentration with asymmetric firms
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2004,03
N2  - This paper considers a theoretical model of n asymmetric firms that reduce their initial unit costs by spending on R&D activities. In accordance with Schumpeterian hypotheses we obtain that more efficient (bigger) firms spend more in R&D and this leads to a more concentrated market structure. We also find a positive relationship between innovation and market concentration. This calls for a corrective tax on R&D activities to curtail strategic incentives to over-invest in R&D trying to achieve a higher market share. Klassifikation: L11, L52, O31 . February, 2004.
T3  - CFS working paper series - 2004, 03 
KW  - R&D
KW  - Asymmetries
KW  - Market Concentration
KW  - Optimal Industrial Policies
KW  - Stückkosten
KW  - Forschung und Entwicklung
Y1  - 2004
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4439
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-10555
IS  - February, 2004
ER  -