Diversification Versus Concentration: A Note on the Allocation of Effort Among Risky Research Projects / Diversifikation oder Konzentration in der Forschung
Summary Under what conditions is concentration as against diversification the better strategy in allocating research effort up to a given capacity limit? We compare the short and the long run and various types of interdependence. This is a theoretical analysis based on a negative exponential relationship between the probability of success and the amount of research input.
Year of publication: |
1998
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Authors: | Beckmann, Martin |
Published in: |
Jahrbücher für Nationalökonomie und Statistik. - Lucius & Lucius, ISSN 2366-049X, ZDB-ID 2416178-0. - Vol. 217.1998, 1, p. 3-9
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Publisher: |
Lucius & Lucius |
Saved in:
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