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Book/Printed Material R&d investments with competitive interactions

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Title

  • R&d investments with competitive interactions

Summary

  • "In this article we develop a model to analyze patent-protected R&D investment projects when there is (imperfect) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially complicate the solution of the problem since the decision maker has to take into account not only the factors that affect her/his own decisions, but also the factors that affect the decisions of the other investors. The real options framework utilized to deal with investments under uncertainty is extended to incorporate the game theoretic concepts required to deal with these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and reduces prices, but also shortens the time of developing the product and increases the probability of a successful development. These benefits to society are countered by increased total investment costs in R&D and lower aggregate value of the R&D investment projects"--National Bureau of Economic Research web site.

Names

  • Miltersen, Kristian R.
  • Schwartz, Eduardo S.
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

  • -  New products--Econometric models
  • -  Research--Economic aspects--Econometric models

Notes

  • -  Title from PDF file as viewed on 1/21/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005616153

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Miltersen, Kristian R, Eduardo S Schwartz, and National Bureau Of Economic Research. R&d Investments With Competitive Interactions. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. https://aj.sunback.homes/item/2005616153/.

APA citation style:

Miltersen, K. R., Schwartz, E. S. & National Bureau Of Economic Research. (2004) R&d Investments With Competitive Interactions. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://aj.sunback.homes/item/2005616153/.

MLA citation style:

Miltersen, Kristian R, Eduardo S Schwartz, and National Bureau Of Economic Research. R&d Investments With Competitive Interactions. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. Retrieved from the Library of Congress, <aj.sunback.homes/item/2005616153/>.