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Investigación y desarrollo en empresas de varios proyectos

  • Castañeda Sabido, Alejandro

    (El colegio de México)

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    This paper studies a stochastic patent race in which firms are allowed to undertake several projets aimend at the same innovation. The main result of the study shows that the market portfolio of projects is not invariant to the number of firms in a game of timing. This result also has implications for the efficiency of the market outcome. The paper shows that the market undertakes more projects than the socially desirable number. However, each project is undertake at an efficient level of effort.//En este ensayo se estudia una carrera estocástica de patentes en las que se permite que las empresas emprendan varios proyectos orientados hacia la misma innovación. El resultado principal del estudio es que la cartera de los proyectos en el mercado no es invariable al numero de empresas a un juego de cronología. Este resultado tiene también algunas consecuencias para la eficiencia del producto en el mercado. El estudio revela que el mercado emprende un número de proyectos mayor que el que sería socialmente conveniente. Sin embargo, cada proyecto se emprende a un nivel de esfuerzo eficiente.

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    Article provided by Fondo de Cultura Económica in its journal El Trimestre Económico.

    Volume (Year): LXIV (4) (1997)
    Issue (Month): 256 (octubre-diciembre)
    Pages: 499-511

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    Handle: RePEc:elt:journl:v:64:y:1997:i:256:p:499-511
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