Network Externalities And Process R&D: A Cournot-Bertrand Comparison

Mili Naskar and Rupayan Pal

Abstract: This paper examines the implication of the nature of competition in a market with network externalities on strategic investment in process R&D by firms. It shows that network externalities have a positive effect on process R&D, regardless of the nature of product market competition; but, that effect is larger under Bertrand competition than under Cournot competition. [WP-2016-020]

Keywords: Network Externalities; Process R&D; Cournot-Bertrand Comparison; Strategic Investment; Product Differentiation (search for similar items in EconPapers)
Date: 2016-07
Note: Institutional Papers
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Related works:
Journal Article: Network externalities and process R&D: A Cournot–Bertrand comparison (2020)
Working Paper: Network externalities and process R&D: A Cournot-Bertrand comparison (2016)
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