Abstract
The growing literature on intangible capital shows a relative consensus on the role of firms in terms of investing resources to acquire (purchase or produce) this type of capital because it allows them to obtain a competitive advantage. This paper explores the incentives of In increasing their level of intangible capital using a simple model in which the firms compete a la Cournot. The model shows that the firm can get higher price-cost margins and market share than its rivals even in perfect competition given that the firm is productive enough in the production of intangible capital.
Author supplied keywords
Cite
CITATION STYLE
Sarmiento, G. I., & Benavides, Ó. A. (2017). Inversión en intangibles y estrategia competitiva: Una extensión del modelo de cournot. Revista de Economia Institucional, 19(37), 85–114. https://doi.org/10.18601/01245996.v19n37.05
Register to see more suggestions
Mendeley helps you to discover research relevant for your work.