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ralph lauren polo

 
Sougata Poddar and Bibhas Saha
 
''Product Innovation and Stability of Collusion''
( 2010, Vol. 30 No.2 )
 
 
We study the nature of market competition in relation to stability of collusion in the infinitely repeated play of a two-stage 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.
 
 
Keywords: R&D Effort, Product differentiation, Collusion
JEL: D4 - Market Structure and Pricing: General
L1 - Oligopoly and Other Imperfect Markets
 
Manuscript Received : Sep 01 2009 Manuscript Accepted : May 16 2010

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