INVERSIÓN EN INTANGIBLES Y ESTRATEGIA COMPETITIVA: UNA EXTENSIÓN DEL MODELO DE COURNOT.

The growing literature on intangible capital shows a relative consensus on the role of ¡rms 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 ¡rm is productive enough in the production of intangible capital. [ABSTRACT FROM AUTHOR]