five

Dynamic R&D Competition

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NBER1985-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1674
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资源简介:
We study a simple, two-stage, stochastic patent race involving two firms. We examine the behavior of the participants as they gain the lead or fall behind in the race. We find that the leader engages in R&D more intensively than does the follower, and that both firms intensify their efforts if the
提供机构:
美国国家经济研究局
创建时间:
1985-08-01
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