Project choice and risk in R&D

被引：12
|
作者：
Gerlach, HA
Ronde, T
Stahl, K
机构：
[1] Univ Auckland, Auckland 1, New Zealand
[2] CRNEC, Dept Econ, Auckland, New Zealand
[3] Univ Copenhagen, CEBR, DK-1455 Copenhagen, Denmark
[4] CEPR, Inst Econ, DK-1455 Copenhagen, Denmark
[5] Univ Mannheim, CEPR, CESifo, D-68131 Mannheim, Germany
[6] ZEW, Dept Econ, D-68131 Mannheim, Germany
来源：
JOURNAL OF INDUSTRIAL ECONOMICS | 2005年 / 53卷 / 01期
关键词：
D O I：
10.1111/j.0022-1821.2005.00245.x
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We introduce stochastic R&D in the Hotelling model and show that if the technical risk is sufficiently high, all firms focus on the most valuable market segment. We then endogenize technical risk by allowing firms to choose between a safe and a risky R&D technology. Firms either both target the most attractive market with at least one firm using the risky technology or they choose different niche projects and both apply the safe technology. R&D spillovers lead to more differentiated R&D projects and patent protection to less. Project coordination within an RJV implies more differentiation, and may be welfare-improving.
引用
收藏
页码：53 / 81
页数：29
相关论文
共 50 条
  • [41] R&D activity of Kazakhstan on the ITER project
    Shkolnik, VS
    Shemansky, VA
    Cherepnin, YS
    Skoz, EY
    Nazarenko, LI
    Shestakov, VP
    Tazhibaeva, IL
    FUSION ENERGY 1996, VOL 2, 1997, : 827 - 834
  • [42] Nonlinear influence on R&D project performance
    Chen, Yu-Shan
    Chang, Ke-Chiun
    Chang, Ching-Hsun
    TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2012, 79 (08) : 1537 - 1547
  • [43] EU R&D project for the Kappel propeller
    不详
    NAVAL ARCHITECT, 1998, : 11 - 11
  • [44] Are R&D project termination factors universal?
    1600, Industrial Research Inst Inc, Washington, DC, USA (38):
  • [45] The FAZIA project in Europe: R&D phase
    R. Bougault
    G. Poggi
    S. Barlini
    B. Borderie
    G. Casini
    A. Chbihi
    N. Le Neindre
    M. Pârlog
    G. Pasquali
    S. Piantelli
    Z. Sosin
    G. Ademard
    R. Alba
    A. Anastasio
    S. Barbey
    L. Bardelli
    M. Bini
    A. Boiano
    M. Boisjoli
    E. Bonnet
    R. Borcea
    B. Bougard
    G. Brulin
    M. Bruno
    S. Carboni
    C. Cassese
    F. Cassese
    M. Cinausero
    L. Ciolacu
    I. Cruceru
    M. Cruceru
    B. D’Aquino
    B. De Fazio
    M. Degerlier
    P. Desrues
    P. Di Meo
    J. A. Dueñas
    P. Edelbruck
    S. Energico
    M. Falorsi
    J. D. Frankland
    E. Galichet
    K. Gasior
    F. Gramegna
    R. Giordano
    D. Gruyer
    A. Grzeszczuk
    M. Guerzoni
    H. Hamrita
    C. Huss
    The European Physical Journal A, 2014, 50
  • [46] R&D project selection - Martino,JP
    Martin, M
    IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 1997, 44 (03) : 332 - 332
  • [47] Measuring the intangible aspects of an R&D project
    Vuolle, Maiju
    Lonnqvist, Antti
    van der Meer, Jacques
    MEASURING BUSINESS EXCELLENCE, 2009, 13 (02) : 25 - +
  • [48] Stakeholder analysis for R&D project management
    Elias, AA
    Cavana, RY
    Jackson, LS
    R & D MANAGEMENT, 2002, 32 (04) : 301 - 310
  • [49] Post-project reviews in R&D
    von Zedtwitz, M
    RESEARCH-TECHNOLOGY MANAGEMENT, 2003, 46 (05) : 43 - 49
  • [50] ANTARES -: R&D project for a multipurpose detector
    Cârloganu, C
    NUCLEAR PHYSICS B-PROCEEDINGS SUPPLEMENTS, 2000, 85 : 146 - 152
12345