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    题名: The effects of uncertainties over R&D policy or market demand on R&D levels
    作者: Mai, Chao-Cheng;Lin, Shih-Chuan
    关键词: R&D Policy Uncertainty;Market Uncertainty;Cournot Competition
    日期: 2021-01-03
    上传时间: 2021-01-06 12:10:14 (UTC+8)
    出版者: Wiley
    摘要: This paper investigates how product market uncertainty and government research and development (R&D) subsidy uncertainty affect R&D levels in a duopoly with R&D rivalry and technological spillovers from an advanced large firm. Within this framework, one small firm and one large firm compete on R&D and output. We find that, if firms' R&D efforts are strategic complements, then the firms' R&D outputs would decrease due to increased uncertainty over R&D policy but would increase due to increased uncertainty over market demand. Thus, we conclude that different types of uncertainties exert different impacts on R&D investment decisions.
    關聯: Managerial and Decision Economics
    显示于类别:[經濟學系暨研究所] 期刊論文

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