The long run dynamics of heterogeneous product and process innovations for a multi product monopolist

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The long run dynamics of heterogeneous product and process innovations for a multi product monopolist

JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)

ID	2743170
Author(s)	Bondarev, Anton
Author(s) at UniBasel	Bondarev, Anton
Year	2012
Title	The long run dynamics of heterogeneous product and process innovations for a multi product monopolist
Journal	Economics of Innovation and New technology
Volume	21
Number	8
Pages / Article-Number	775-799
Keywords	product innovations, process innovations, economic dynamics, multi-product onopoly, heterogeneous products
Abstract	This paper introduces the dynamical framework which combines product and process innovations. The model contributes to the theoretical literature on innovations in two ways. First, it permits for the simultaneous dynamics of both types of innovations which is rarely considered in the literature. Second, the products being generated by the innovations are heterogeneous in their investment characteristics. This allows for the formation of the dynamic interdependency between both types of innovations. As a result, the steady-state levels of process innovations for each product are different and influence the dynamics of product innovations in turn.
Publisher	Taylor&Francis
ISSN/ISBN	1043-8599
edoc-URL	http://edoc.unibas.ch/50627/
Full Text on edoc	No
Digital Object Identifier DOI	10.1080/10438599.2012.670543

14/05/2024

Research Database / FORSCHUNGSDATENBANK