Multi-Project R&D Competition With Free-Entry

Detalhes bibliográficos
Autor(a) principal: Barros, Pedro Pita
Data de Publicação: 1993
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/85973
Resumo: 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.
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spelling Multi-Project R&D Competition With Free-EntryWe 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.Nova SBERUNBarros, Pedro Pita2019-10-31T11:31:30Z1993-041993-04-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/85973engBarros, Pedro Pita, Multi-Project R&D Competition With Free-Entry (April, 1993). FEUNL Working Paper Series No. 201info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:38:42Zoai:run.unl.pt:10362/85973Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:40.138972Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Multi-Project R&D Competition With Free-Entry
title Multi-Project R&D Competition With Free-Entry
spellingShingle Multi-Project R&D Competition With Free-Entry
Barros, Pedro Pita
title_short Multi-Project R&D Competition With Free-Entry
title_full Multi-Project R&D Competition With Free-Entry
title_fullStr Multi-Project R&D Competition With Free-Entry
title_full_unstemmed Multi-Project R&D Competition With Free-Entry
title_sort Multi-Project R&D Competition With Free-Entry
author Barros, Pedro Pita
author_facet Barros, Pedro Pita
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Barros, Pedro Pita
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.
publishDate 1993
dc.date.none.fl_str_mv 1993-04
1993-04-01T00:00:00Z
2019-10-31T11:31:30Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/85973
url http://hdl.handle.net/10362/85973
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Barros, Pedro Pita, Multi-Project R&D Competition With Free-Entry (April, 1993). FEUNL Working Paper Series No. 201
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
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