R&D and endogenous asymmetries between firms

Armando Garcia Pires

Economics Letters, 2009, vol. 103, issue 3, 153-156

Abstract: We endogenize competitiveness asymmetries between firms through commitment power asymmetries in R&D. We show that, relatively to firms with no commitment power in R&D, firms with a first-mover advantage in R&D achieve higher competitiveness levels.

Keywords: R&D; investment; Commitment; power; in; R&D; Endogenous; asymmetric; firms; Market; access (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1765(09)00085-8
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:103:y:2009:i:3:p:153-156

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().