R&D and endogenous asymmetries between firms
Armando Garcia Pires ()
Economics Letters, 2009, vol. 103, issue 3, 153-156
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:103:y:2009:i:3:p:153-156
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