R&D Investment in strategic settings: A survey of patent races
This paper surveys the main theoretical contributions that study how firms invest in R&D in a strategic setting. I study the innovation process from the point of view of the supply of new technologies and I review those models that rationalize the innovation process as a stochastic race between firms with the aim of obtaining a patent.
Volume (Year): 9 (1994)
Issue (Month): 1 ()
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- Dasgupta, Partha, 1988. "Patents, Priority and Imitation or, the Economics of Races and Waiting Games," Economic Journal, Royal Economic Society, vol. 98(389), pages 66-80, March.
- Sudipto Bhattacharya & Dilip Mookherjee, 1986.
"Portfolio Choice in Research and Development,"
RAND Journal of Economics,
The RAND Corporation, vol. 17(4), pages 594-605, Winter.
- Partha Dasgupta & Joseph Stiglitz, 1980. "Uncertainty, Industrial Structure, and the Speed of R&D," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 1-28, Spring.
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