The Value of Failure

Hh. Haller and A. Pavlopoulos
Additional contact information
Hh. Haller: CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium
A. Pavlopoulos: Department of Economics, V.P.I& S.U, Blacksburg, Virginia 24061, USA

No 1993028, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This simple patent race model distinguishes between technological success and economic success in a fum's research project. It is shown that under certain conditions a researching firm can be technologically unsuccessful and economically successful.

Keywords: preexisting results on failed experiments; patent race (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 1993-06-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://sites.uclouvain.be/core/publications/coredp/coredp1993.html (text/html)

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:cor:louvco:1993028

Access Statistics for this paper

More papers in LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Alain GILLIS ().