淡江大學機構典藏:Item 987654321/119822
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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/119822


    Title: The effects of uncertainties over R&D policy or market demand on R&D levels
    Authors: Mai, Chao-Cheng;Lin, Shih-Chuan
    Keywords: R&D Policy Uncertainty;Market Uncertainty;Cournot Competition
    Date: 2021-01-03
    Issue Date: 2021-01-06 12:10:14 (UTC+8)
    Publisher: Wiley
    Abstract: 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.
    Relation: Managerial and Decision Economics
    Appears in Collections:[Graduate Institute & Department of Economics] Journal Article

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