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| Author: | Amir, M. Amir, R. Jin, J. |
| Title: | Sequencing R&D decisions in a two-period duopoly with spillovers |
| Journal: | Economic Theory
2000 : VOL. 15:2, p. 297-318 |
| Index terms: | SEQUENTIAL ANALYSIS SECRETARIES DUOPOLY |
| Language: | eng |
| Abstract: | The authors compare simultaneous versus sequential moves in R&D decisions within an asymmetric R&D/Cournot model with linear demand (for differentiated products), general R&D costs, and spillovers. Simultaneous play and sequential play can emerge as appropriate formulations, depending on the ratios of spillover rate over demand cross-slope, but not on R&D efficiency. |
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