Trade Liberalization and Product Innovation
碩士 === 輔仁大學 === 經濟學系碩士班 === 104 === This thesis investigates the impact of trade liberalization and firms' incentive to carry out product R&D, which increases the willingness to pay of consumers, in an intra-industry trade duopolistic model. In the model, firms can invest in product R&D...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/33276544850223364592 |
| Summary: | 碩士 === 輔仁大學 === 經濟學系碩士班 === 104 === This thesis investigates the impact of trade liberalization and firms' incentive to carry out product R&D, which increases the willingness to pay of consumers, in an intra-industry trade duopolistic model. In the model, firms can invest in product R&D to maximize their profits. We show that trade liberalization may encourage or discourage the two firms to invest in product R&D, depending on the consumers’ preferences for the product innovation. This finding is of some interest because it is in sharp contrast to the standard result in which trade liberalization always stimulates firms to do more R&D.
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