Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2746

Title: Equilibrium and optimal R&D roles in a mixed market
Authors: Zikos, Vasileios
Keywords: Endogenous timing
Mixed market
Issue Date: 2007
Abstract: 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 social point of view, the public firm should carry out its investment as a Stackelberg follower. Using the observable delay game of Hamilton and Slutsky [Games and Economic Behavior 2 (1990) 29], we show that the public firm may play this desirable role.
Description: This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2007_08.html.
URI: https://dspace.lboro.ac.uk/2134/2746
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

Files associated with this item:

File Description SizeFormat
R&D_Roles.pdf216.43 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.