Impacts of technological gap in heterogeneous oligopoly

UM > Faculty of Business Administration > DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS

Status	已發表Published
	Impacts of technological gap in heterogeneous oligopoly
	Huang, W; Zhang, Y.
	2013-08-01
Source Publication	Singapore Economic Review Conference 2013
Publication Place	Singapore
Publisher	SERC organizing committee
Abstract	Corporate managers in many industries, such as biotechnology and pharmaceutical sec- tors, play signi cant emphasis on innovation and technological advancement. The incentives of such objectives especially under di¤erent market structures have thus far been under explored. This paper explores the e¤ect of technological gap on output, pro ts, market concentration, and social welfare in quantity setting oligopoly with rms of unequal sizes, holding di¤erent conjectures, operating with non-identical costs, and producing homogenous products. Assuming rms with relatively advanced technology adopt sophisticated Cournot strategy while the remaining with backward technology behave as price takers, we nd that an increase in technological gap between two types of rms may paradoxically lead to higher pro ts for not only the advanced but also the backward. Moreover, wider technological dis- tance may lead to lower market concentration and can be welfare enhancing. The paper also investigates the impact of leader-laggard gap in relation to the relative advanced-backward proportion in the oligopoly.
Keyword	Technological gap heterogeneous oligopoly market concentration social welfare
URL	View the original
Language	英語English
The Source to Article	PB_Publication
PUB ID	9956
Document Type	Conference paper
Collection	DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding Author	Zhang, Y.
Recommended Citation GB/T 7714	Huang, W,Zhang, Y.. Impacts of technological gap in heterogeneous oligopoly[C], Singapore:SERC organizing committee, 2013.
APA	Huang, W., & Zhang, Y. (2013). Impacts of technological gap in heterogeneous oligopoly. Singapore Economic Review Conference 2013.

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