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Strategic R and D success announcements

Bag, Parimal Kanti and Dasgupta, Sudipto (1995) Strategic R and D success announcements. Economics Letters, 47 (1). pp. 17-26. ISSN 0165-1765

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Abstract

We consider a two-stage R&D racing game in which there are two types of uncertainty: uncertainty about firm type and basic uncertainty about the feasibility of the project itself. We show that R&D success in the initial stage will be announced if it occurs early enough in the race; otherwise it will be suppressed.

Item Type: Article
Journal or Publication Title: Economics Letters
Uncontrolled Keywords: R&D ; Disclosure ; Racing
Subjects:
Departments: Lancaster University Management School > Accounting & Finance
ID Code: 74570
Deposited By: ep_importer_pure
Deposited On: 07 Jul 2015 13:42
Refereed?: Yes
Published?: Published
Last Modified: 30 Aug 2017 14:44
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/74570

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