haku: @author Wettstein, D. / yhteensä: 2
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Tekijä:Kaplan, T. R.
Luski, I.
Wettstein, D.
Otsikko:Innovative activity and sunk cost
Lehti:International Journal of Industrial Organization
2003 : OCT, VOL. 21:8, p. 1111-1133
Asiasana:Innovation
R&D
Costs
Auctions
Race relations
Kieli:eng
Tiivistelmä:The authors analyze innovative activity in a general framework with time-dependent rewards and sunk costs. When firms are identical, innovation is delayed by an increase in the number of firms or a decrease in the size of the reward. When one firm has higher profit potential, it is more likely to innovate first.
SCIMA tietueen numero: 252907
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