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innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R … price and quality competition are considered. It is showed that R&D cartelisation entails a loss of firm's product … innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They …
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The objective of our paper is to study R&D investments and pricing behavior in an environment with fundamental uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage. Participants in the experiment had almost no...
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