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https://doi.org/10.1080/1331677X.2019.1578679

Strategic R&D risk choices of public and private firms

Mingqing Xing ; School of Economics and Management, and Neural Decision Science Laboratory, Weifang University, Weifang, 261061, China

Puni tekst: engleski, pdf (2 MB) str. 717-741 preuzimanja: 49* citiraj
APA 6th Edition
Xing, M. (2019). Strategic R&D risk choices of public and private firms. Economic research - Ekonomska istraživanja, 32 (1), 717-741. https://doi.org/10.1080/1331677X.2019.1578679
MLA 8th Edition
Xing, Mingqing. "Strategic R&D risk choices of public and private firms." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 717-741. https://doi.org/10.1080/1331677X.2019.1578679. Citirano 28.03.2020.
Chicago 17th Edition
Xing, Mingqing. "Strategic R&D risk choices of public and private firms." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 717-741. https://doi.org/10.1080/1331677X.2019.1578679
Harvard
Xing, M. (2019). 'Strategic R&D risk choices of public and private firms', Economic research - Ekonomska istraživanja, 32(1), str. 717-741. https://doi.org/10.1080/1331677X.2019.1578679
Vancouver
Xing M. Strategic R&D risk choices of public and private firms. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 28.03.2020.];32(1):717-741. https://doi.org/10.1080/1331677X.2019.1578679
IEEE
M. Xing, "Strategic R&D risk choices of public and private firms", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 717-741, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1578679

Sažetak
This paper investigates the R&D (research and development) risk choices of private and public firms in a product differentiated mixed duopoly market. Using the canonical models of R&D risk choice in a mixed market, it compares market performances between Cournot and Bertrand. The main findings are (i) public firm always engages in higher R&D risks than private firm under Cournot, (ii) public firm mostly chooses higher R&D risks, but may choose lower R&D risks than private firm if the degree of product substitution is sufficiently large under Bertrand, (iii) both public and private firms are more willing to take R&D risks under Bertrand than under Cournot, and (iv) from the perspective of social welfare, private firm always assumes too low R&D risks under Cournot. However, it takes excessive risks if the degree of product substitution is large enough under Bertrand.

Ključne riječi
R&D risk; mixed duopoly; R&D competition; Cournot competition; Bertrand competition

Hrčak ID: 228612

URI
https://hrcak.srce.hr/228612

Posjeta: 78 *