To read this content please select one of the options below:

Strategic R&D policy with information lag

Xin Xie (The Chinese University of Hong Kong, Hong Kong)

Journal of Economic Studies

ISSN: 0144-3585

Article publication date: 1 October 1998

918

Abstract

This paper studies strategic R&D policy with endogenous timing of firms’ moves within a two‐period framework. Within this framework the government can make a policy commitment only in the second period due to an information lag vis‐à‐vis the firms. The firms can, if they choose, make their moves in the first period, but they will incur extra costs. An activist government policy may decrease national welfare by forcing the foreign firm to take preemptive action against the home government.

Keywords

Citation

Xie, X. (1998), "Strategic R&D policy with information lag", Journal of Economic Studies, Vol. 25 No. 5, pp. 410-421. https://doi.org/10.1108/01443589810233702

Publisher

:

MCB UP Ltd

Copyright © 1998, MCB UP Limited

Related articles