Greed and Fear in Downstream R&D Games
The aim of this paper is to investigate the fi rms’ incentives to engage in process R&D under vertical industrial setting, when the raising rivals’ cost effect is present. We show that R&D investment of the downstream duopoly fi rm raises the rival’s marginal costs of production. The down...
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| Format: | Article |
| Language: | English |
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Kozminski University
2019-12-01
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| Series: | Decyzje |
| Subjects: | |
| Online Access: | https://journal.kozminski.edu.pl/index.php/decyzje/article/view/389 |