Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18749 
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dc.contributor.authorLukach, Ruslanen
dc.contributor.authorKort, Peter M.en
dc.contributor.authorPlasmans, Josephen
dc.date.accessioned2009-01-28T15:52:37Z-
dc.date.available2009-01-28T15:52:37Z-
dc.date.issued2005-
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 isinevitable. 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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1385en
dc.subject.jelD21en
dc.subject.jelC72en
dc.subject.jelO31en
dc.subject.ddc330en
dc.subject.keywordinvestment under uncertaintyen
dc.subject.keywordreal optionsen
dc.subject.keywordR&Den
dc.subject.keywordcompetitionen
dc.subject.stwIndustrielle Forschungen
dc.subject.stwInvestitionen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwRealoptionen
dc.subject.stwPotenzieller Wettbewerben
dc.subject.stwMarkteintritten
dc.subject.stwDuopolen
dc.subject.stwInnovationswettbewerben
dc.subject.stwTheorieen
dc.titleOptimal R&D investment strategies with quantity competition under the threat of superior entry-
dc.typeWorking Paperen
dc.identifier.ppn479268053en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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