| Автор | Barros <sup>*</sup> , Pedro Pita |
| Дата выпуска | 1993 |
| dc.description | We consider a model of innovation where firms are allowed to invest in several projects. It is shown that free-entry, in the absence of start-up costs, leads to an equilibrium with one project per firm. The presence of start-up costs reintroduces the rationale for parallel projects undertaken by each firm. In this case free-entry implies that all adjustment to changes in the gains to innovation occur through the number of firms in the market, with projects per firm remaining constant. |
| Формат | application.pdf |
| Издатель | OPA (Overseas Publishers Association) |
| Копирайт | Copyright Taylor and Francis Group, LLC |
| Тема | R&D competition |
| Тема | free entry |
| Название | Multi-Project R&D Competition With Free-Entry |
| Тип | research-article |
| DOI | 10.1080/10438599300000010 |
| Electronic ISSN | 1476-8364 |
| Print ISSN | 1043-8599 |
| Журнал | Economics of Innovation and New Technology |
| Том | 2 |
| Первая страница | 309 |
| Последняя страница | 318 |
| Аффилиация | Barros <sup>*</sup> , Pedro Pita; Faculdade de Economia, Universidade Nova de Lisboa |
| Выпуск | 4 |
| Библиографическая ссылка | Junta Nacional de Investigaçao Cientifica e Tecnológica–JNICT. November 1990. Inquérito ao Potencial Cientifico e Tecnológico Naciona1–1988 November, Lisbon |
| Библиографическая ссылка | Reinganum, Jennifer. 1983. Uncertain Innovation and the Persistence of Monopoly. American Economic Review, 73(4) September: 741–749. |
| Библиографическая ссылка | Sah, Raj and Stiglitz, Joseph. 1987. The Invariance of Market Innovation to the Number of Firms. Rand Journal of Economics, 18(1) Spring: 98–108. |
