search query: @indexterm new products / total: 1069
reference: 610 / 1069
| Author: | Beath, J. Katsoulacos, Y. Ulph, D. |
| Title: | Strategic R&D policy |
| Journal: | Economic Journal
1989 : VOL. 99:395, p. 74-83 |
| Index terms: | R&D NEW PRODUCTS STRATEGY COMPETITION TECHNOLOGY |
| Language: | eng |
| Abstract: | A simple, yet fairly general model is outlined in which there are two firms engaged in a single one-stage race to be the first to introduce some new product or technology. Despite its simplicity the model provides a rich range of policy outcomes, yet, because of its simplicity, it gives a strong intuitive base which can be used to see what is driving those outcomes. The first force determining R and D expenditure is the profit incentive. The second force comes from the competitive threat. It is shown that by understanding the relative magnitude of these two forces, a great deal can be learned about a firm's R and D strategy and hence about the outcome of the strategic race; moreover about the desirability of various policy options. |
SCIMA