Product market competition and R&D rivalry

被引：0
|
作者：
Lin, P [1 ]
机构：
[1] So Methodist Univ, Dept Econ, Dallas, TX 75275 USA
来源：
ECONOMICS LETTERS | 1998年 / 58卷 / 01期
关键词：
R&D rivalry; product market competition;
D O I：
10.1016/S0165-1765(97)00176-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the impact of a future R&D race on current firm behavior in the product market. It is shown that, in order to "soften" rivals in the future R&D race, firms behave less aggressively in the pre-innovation product market than in the standard duopoly models. As a result, the R&D rates are lower than what firms would choose if standard duopoly outcomes are assumed. R&D cooperation is shown to be capable of restoring the duopoly outcome. (C) 1998 Elsevier Science S.A.
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页码：105 / 111
页数：7
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