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Author:Gerlach, H.A.
Ronde, T.
Stahl, K
Title:Project choice and risk in R&D
Journal:Journal of Industrial Economics
2005 : MAR, VOL. 53:1, p. 53-81
Index terms:Industrial economics
Project evaluation
R&D
Freeterms:Hotelling model
Language:eng
Abstract:This article examines project choice and the risk involved in R&D. The writers show that if the technical risk is sufficiently high, all firms focus on the most valuable market segment.
SCIMA record nr: 258201
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