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| Sougata Poddar and Bibhas Saha |
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| ''Product Innovation and Stability of Collusion'' |
| ( 2010, Vol. 30 No.2 ) |
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| 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. |
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| Keywords: R&D Effort, Product differentiation, Collusion |
JEL: D4 - Market Structure and Pricing: General
L1 - Oligopoly and Other Imperfect Markets |
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| Manuscript Received : Sep 01 2009 | | Manuscript Accepted : May 16 2010 |
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