المستودع الأكاديمي جامعة المدينة

Optimal R&D investment strategies with quantity competition under the threat of superior entry

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dc.creator Lukach, Ruslan
dc.creator Kort, Peter M.
dc.creator Plasmans, Joseph
dc.date 2005
dc.date.accessioned 2013-10-16T07:01:06Z
dc.date.available 2013-10-16T07:01:06Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18749
dc.identifier ppn:479268053
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18749
dc.description This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to technical uncertainty. We distinguish four scenarios: inevitable entry, entry deterrence, entry blockade, and non-credible entry threat. The entry threat stimulates the incumbent to innovate in case entry prevention is possible, but discourages R&D if entry is inevitable. In the case of entry deterrence the incumbent successfully prevents entry by innovating. Greater technical uncertainty stimulates starting R&D and can result in implementation of more expensive research projects. The welfare analysis shows that the relation between welfare and entry cost and between welfare and uncertainty is nonmonotonic.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1385
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D21
dc.subject C72
dc.subject O31
dc.subject ddc:330
dc.subject investment under uncertainty
dc.subject real options
dc.subject R&D
dc.subject competition
dc.subject Industrielle Forschung
dc.subject Investition
dc.subject Entscheidung bei Unsicherheit
dc.subject Realoption
dc.subject Potenzieller Wettbewerb
dc.subject Markteintritt
dc.subject Duopol
dc.subject Innovationswettbewerb
dc.subject Theorie
dc.title Optimal R&D investment strategies with quantity competition under the threat of superior entry
dc.type doc-type:workingPaper


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