R&D and Social Inefficiency of Entry

被引：3
|
作者：
Wang L.F.S. [1 ]
Chao A.C. [2 ]
Lee J.-Y. [3 ]
机构：
[1] Department of Applied Economics, National University of Kaohsiung, No. 700, Kaohsiung University Road, Nan-Tzu District 811, Kaohsiung
[2] Department of Economics, Southeast University, Nanjing
[3] Department of International Business, National Kaohsiung University of Applied Science, Kaohsiung
来源：
Journal of Industry, Competition and Trade | 2015年 / 15卷 / 2期
关键词：
Excessive entry; Insufficient entry; R&D;
D O I：
10.1007/s10842-014-0180-6
中图分类号：
学科分类号：
摘要：
In this paper, we allow the firms non-cooperatively but simultaneously to choose the R&D investment and output in different stages of the game with knowledge spillovers and show that when the deliberate decision of the firms on its R&D investment is acknowledged, entry is socially excessive. Our result has important implication for competition policy. © 2014, Springer Science+Business Media New York.
引用
收藏
页码：181 / 187
页数：6
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