| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062185 | Economics Letters | 2008 | 4 Pages |
Abstract
This paper presents a two-stage model describing the optimal choice of R&D risk among R&D programs with the same expected outcome. It demonstrates that the choice of the highest-risk R&D program is a dominant strategy under Bertrand or Cournot competition.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Asher Tishler,