R&D Investment in strategic settings: A survey of patent races

Alejandro Castañeda

Estudios Económicos, 1994, vol. 9, issue 1, 61-118

Abstract: This paper surveys the main theoretical contributions that study how firms invest in R&D in a strategic setting. I study the innovation process from the point of view of the supply of new technologies and I review those models that rationalize the innovation process as a stochastic race between firms with the aim of obtaining a patent.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:9:y:1994:i:1:p:61-118

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