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R&D and endogenous asymmetries between firms

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  • Garcia Pires, Armando J.

Abstract

We endogenize competitiveness asymmetries between firms through commitment power asymmetries in R&D. We show that, relatively to firms with no commitment power in R&D, firms with a first-mover advantage in R&D achieve higher competitiveness levels.

Suggested Citation

  • Garcia Pires, Armando J., 2009. "R&D and endogenous asymmetries between firms," Economics Letters, Elsevier, vol. 103(3), pages 153-156, June.
    • Handle: RePEc:eee:ecolet:v:103:y:2009:i:3:p:153-156
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    Cited by:

    1. Armando J. Garcia Pires, 2015. "Multinationals, R&D and Endogenous Productivity Asymmetries," International Economic Journal, Taylor & Francis Journals, vol. 29(1), pages 95-119, March.

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