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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18749
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Lukach, Ruslan | | en_US |
| dc.contributor.author | | Kort, Peter M. | | en_US |
| dc.contributor.author | | Plasmans, Joseph | | en_US |
| dc.date.accessioned | | 2009-01-28T15:52:37Z | | - |
| dc.date.available | | 2009-01-28T15:52:37Z | | - |
| dc.date.issued | | 2005 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/18749 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | CESifo working papers 1385 | | en_US |
| dc.subject.jel | | D21 | | en_US |
| dc.subject.jel | | C72 | | en_US |
| dc.subject.jel | | O31 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | investment under uncertainty | | en_US |
| dc.subject.keyword | | real options | | en_US |
| dc.subject.keyword | | R&D | | en_US |
| dc.subject.keyword | | competition | | en_US |
| dc.subject.stw | | Industrielle Forschung | | en_US |
| dc.subject.stw | | Investition | | en_US |
| dc.subject.stw | | Entscheidung bei Unsicherheit | | en_US |
| dc.subject.stw | | Realoption | | en_US |
| dc.subject.stw | | Potenzieller Wettbewerb | | en_US |
| dc.subject.stw | | Markteintritt | | en_US |
| dc.subject.stw | | Duopol | | en_US |
| dc.subject.stw | | Innovationswettbewerb | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Optimal R&D investment strategies with quantity competition under the threat of superior entry | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 479268053 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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