Arbeitspapier
Strategic information revelation and revenue sharing in an R&D race with learning labs
Inherent to most research projects is the fact that researchers learn about their project during the course of it. Research investments result in signals on development costs. This paper studies how this fact influences firms’ investments, and how revenue sharing can correct inefficient behavior. We compare efficient R&D investments, equilibrium investments when signals are public, and equilibrium investments for private signals. Furthermore, we show which equilibrium is played when firms strategically reveal information. The paper focuses on the trade-off between incentives to acquire and reveal information, and incentives to develop the innovation.
- Sprache
-
Englisch
- Erschienen in
-
Series: WZB Discussion Paper ; No. FS IV 99-11
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jansen, Willem Johannes
- Ereignis
-
Veröffentlichung
- (wer)
-
Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (wo)
-
Berlin
- (wann)
-
1999
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Jansen, Willem Johannes
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Entstanden
- 1999
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