Equilibrium and optimal R&D roles in a mixed market
This is the first paper to investigate the timing of the R&D decisions in a mixed market. Considering a model in which a public firm competes against a private one, we examine the desirable (welfare-maximizing) and the equilibrium R&D role of the public firm. Our results suggest that from a...
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| Format: | Default Preprint |
| Published: |
2007
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| Online Access: | https://hdl.handle.net/2134/2746 |
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