R&D and endogenous asymmetries between firms

We endogenize competitiveness asymmetries between firms through commitment power asymmetries in R&D. We show that, relatively to firms with no commitment power in R&D, firms with a first-mover advantage in R&D achieve higher competitiveness levels.

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Economics letters 2009-06, Vol.103 (3), p.153-156
1. Verfasser:	Garcia Pires, Armando J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry Commitment power in R&D Competitiveness Endogenous asymmetric firms Enterprises Market access R&D investment R&D investment Commitment power in R&D Endogenous asymmetric firms Market access Research and development
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	We endogenize competitiveness asymmetries between firms through commitment power asymmetries in R&D. We show that, relatively to firms with no commitment power in R&D, firms with a first-mover advantage in R&D achieve higher competitiveness levels.
ISSN:	0165-1765 1873-7374
DOI:	10.1016/j.econlet.2009.03.007