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dc.contributor.authorLukach, Ruslanen_US
dc.contributor.authorKort, Peter M.en_US
dc.contributor.authorPlasmans, Josephen_US
dc.date.accessioned2009-01-28T15:52:37Z-
dc.date.available2009-01-28T15:52:37Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18749-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1385en_US
dc.subject.jelD21en_US
dc.subject.jelC72en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordinvestment under uncertaintyen_US
dc.subject.keywordreal optionsen_US
dc.subject.keywordR&Den_US
dc.subject.keywordcompetitionen_US
dc.subject.stwIndustrielle Forschungen_US
dc.subject.stwInvestitionen_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwRealoptionen_US
dc.subject.stwPotenzieller Wettbewerben_US
dc.subject.stwMarkteintritten_US
dc.subject.stwDuopolen_US
dc.subject.stwInnovationswettbewerben_US
dc.subject.stwTheorieen_US
dc.titleOptimal R&D investment strategies with quantity competition under the threat of superior entryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn479268053en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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