标题:R&D competition in a spatial model with technical risk
作者:Li, Changying; Zhang, Jianhu
作者机构:[Li, Changying; Zhang, Jianhu] Shandong Univ, Sch Econ, Jinan 250100, Shandong, Peoples R China.
通讯作者:Li, CY
通讯作者地址:[Li, CY]Shandong Univ, Sch Econ, 27 Shanda South Rd, Jinan 250100, Shandong, Peoples R China.
来源:PAPERS IN REGIONAL SCIENCE
出版年:2013
卷:92
期:3
页码:667-+
DOI:10.1111/j.1435-5957.2012.00433.x
关键词:R&D; location choice; spatial competition; technical risk
摘要:In this paper, we introduce stochastic R&D into a Hotelling model with two duopolists. With an emphasis on the interaction between firms' R&D decision and location choice, we compare socially and privately optimal locations and levels of R&D. We show that, depending on R&D cost and the degree of technical risk, equilibrium location varies from minimum differentiation to maximum differentiation. From a welfare perspective, the equilibrium distance between the two firms could be either closer, farther or socially best. Moreover, depending on cost structure, firms' R&D expenditures could be either higher, lower or socially optimal, from a welfare viewpoint.
收录类别:SCOPUS;SSCI
WOS核心被引频次:2
Scopus被引频次:2
资源类型:期刊论文
原文链接:https://www.scopus.com/inward/record.uri?eid=2-s2.0-84881547023&doi=10.1111%2fj.1435-5957.2012.00433.x&partnerID=40&md5=9c29fb7d53fdb8b4275f26487eafe871
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