haku: @author Evans, R. / yhteensä: 73
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| Tekijä: | Chatterjee, K. Evans, R. |
| Otsikko: | Rivals' search for buried treasure: competition and duplication in R&D |
| Lehti: | RAND Journal of Economics
2004 : SPRING, VOL. 35:1, p. 160-183 |
| Asiasana: | Competition R&D |
| Kieli: | eng |
| Tiivistelmä: | An R&D race in which, in each period, two companies choose which of two research projects to invest in is analyzed in this paper. Each observes the other's past choices and so strategic search is possible. Equilibrium is efficient if the projects differ only in their probability of being the "right" project. If they differ in other dimensions, then there may be too much or too little duplication relative to the social optimum. |
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