haku: @indexterm investments / yhteensä: 772
viite: 11 / 772
Tekijä:Ishira, J.
Matsumura, T.
Matsushima, N.
Otsikko:Market competition, R&D and firm profits in asymmetric oligopoly
Lehti:Journal of Industrial Economics
2011 : SEP, VOL 59:3, p.484-505
Asiasana:oligopoly
incentives
investments
competition
profit
R&D
models
Kieli:eng
Tiivistelmä:We research a Cournot model with strategic R&D investments, which has efficient low-cost firms competing against less efficient high-cost firms. We find that an increased number of high-cost firms can boost R&D by the low-cost firms, while it always reduces high-cost firms' R&D. Moreover, this impact can be strong enough to compensate for the loss arising from more intense market competition: the profits of the low-cost firms may indeed increase with the number of high-cost firms. An implication of this result is far-reaching, as it encourages low-cost firms to help, rather than harm, high-cost competitors. We relate this deduction to a practice known as open knowledge disclosure, especially Ford's strategy of disclosing its know-how publicly and broadly at the early 20th century.
SCIMA tietueen numero: 275252
lisää koriin
SCIMA