Detail Dynamic R&D Competition With Learning   Oleh:  Malueg, David A. ; Tsutsui, Shunichi O. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 28 no. 4 (1997), page 751-772. Topik: R&D; R & D competition; learning Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel To account for the possibility that firms are unsure about the ease of innovation, we formulate a differential game of R & D competition with an unknown hazard rate. We show, as time passes without success, firms become more pessimistic about eventual innovation, reducing their R & D investment and possibly existing the race. An increase in the number of competing firms tends to increase firms' R & D intensities, for given beliefs, but because beliefs evolve at different rates depending on the number of firms in the race, time paths of R & D investment intensity are non unambiguously ordered with respect to the number of competing firms. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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