R&D Investments With Competitive Interactions
January 01, 2004
The report from the National Bureau of Economic Research develops a model to analyze patent-protected research and development (R&D) investment projects when there is competition in the development and marketing of the resulting product. Implementation of the model shows that competition in R&D not only increases production and reduces prices, but also shortens the time of developing the product and increases the probability of successful development.
Available for purchase at: http://www.nber.org/papers/W10258