QQ客服 官方微博 反馈留言

	Production experiences and market structure in R&D competition
	Shun-Chiao Changa ; Ho-Mou Wu
	2012-04-24 ; 2012-04-24
关键词	Production experiences Market structure Persistent leadership
中文摘要	In the R&D race the incumbent enjoys an advantage of learning from production experiences, but this important feature has not been incorporated into existing studies. Assuming that the technological knowledge is accumulated not only by R&D expenditures but also by production experiences, we study the properties of optimal investment strategies in a model with an incumbent and many identical challengers. After proving the existence of a unique Nash equilibrium in the R&D race, we demonstrate analytically that the likelihood of persistent leadership increases with production experiences of the incumbent but decreases with the number of challengers. Numerical analyses also establish that (i) the challengers always invest more than the incumbent and the difference increases with production experiences, the flow of monopoly profits and the number of challengers; and (ii) the likelihood of persistent leadership increases with the value of being the winner and the value of being a loser but decreases with expected waiting time of R&D innovation and the flow of monopoly profits. However, destructive innovations may still occur even when production experiences are allowed to play an important role in the R&D competition.
语种	英语
内容类型	期刊论文
源URL	[http://ir.calis.edu.cn/hdl/211010/3937]
专题	北京大学
推荐引用方式 GB/T 7714	Shun-Chiao Changa,Ho-Mou Wu. Production experiences and market structure in R&D competition[J],2012, 2012.
APA	Shun-Chiao Changa,&Ho-Mou Wu.(2012).Production experiences and market structure in R&D competition..
MLA	Shun-Chiao Changa,et al."Production experiences and market structure in R&D competition".(2012).

个性服务

查看访问统计

相关权益政策

暂无数据

收藏/分享

除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。