Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18749
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dc.creatorLukach, Ruslan-
dc.creatorKort, Peter M.-
dc.creatorPlasmans, Joseph-
dc.date2005-
dc.date.accessioned2013-10-16T07:01:06Z-
dc.date.available2013-10-16T07:01:06Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/18749-
dc.identifierppn:479268053-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/18749-
dc.descriptionThis 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.languageeng-
dc.publisher-
dc.relationCESifo working papers 1385-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectD21-
dc.subjectC72-
dc.subjectO31-
dc.subjectddc:330-
dc.subjectinvestment under uncertainty-
dc.subjectreal options-
dc.subjectR&D-
dc.subjectcompetition-
dc.subjectIndustrielle Forschung-
dc.subjectInvestition-
dc.subjectEntscheidung bei Unsicherheit-
dc.subjectRealoption-
dc.subjectPotenzieller Wettbewerb-
dc.subjectMarkteintritt-
dc.subjectDuopol-
dc.subjectInnovationswettbewerb-
dc.subjectTheorie-
dc.titleOptimal R&D investment strategies with quantity competition under the threat of superior entry-
dc.typedoc-type:workingPaper-
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