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Publications [#42300] of Nataliya Kuribko

Working Papers

  1. N. Kuribko, Research vs. Development: Case of Durable Good (work in progress)
    (last updated on 2005/10/18)

    Abstract:
    I incorporate the dual aspects of the technological progress, a combination of innovative activity and marginal improvements, into firm’s decision over developing a durable good. Those few theoretical papers that considers this aspect, take innovation process to be deterministic. I relax this assumption by allowing for stochastic innovation. Contrary to deterministic case, I show that the firm does not necessarily have an incentive to invest at socially optimal level. Furthermore, there exists a cost structure for medium and high quality range, for which the firm duplicates its efforts by investing in both improvement and innovation.


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