Document Type

Article

Publication Date

2010

Abstract

We study the nature of market competition in relation to stability of collusion in the infinitely repeated play of a twostage game of product innovation and market competition, and show that cooperation in giving R&D efforts is more easily sustained when firms compete in quantity than in price.

Comments

This article was originally published in Economics Bulletin, volume 30, issue 2, in 2010.

Peer Reviewed

1

Copyright

Economics Bulletin

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