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Details for article 31 of 59 found articles
| Title: |
Multi-Project R&D Competition With Free-Entry |
| Author: |
Barros, Pedro Pita |
| Appeared in: |
Economics of innovation & new technology |
| Paging: | Volume 2 (1993) nr. 4 pages 309-318 |
| Year: |
1993 |
| Contents: |
We consider a model of innovation where firms are allowed to invest in several projects. It is shown that free-entry, in the absence of start-up costs, leads to an equilibrium with one project per firm. The presence of start-up costs reintroduces the rationale for parallel projects undertaken by each firm. In this case free-entry implies that all adjustment to changes in the gains to innovation occur through the number of firms in the market, with projects per firm remaining constant. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 31 of 59 found articles
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