Should R&D risk always be preferable?

被引：15

作者：

Zhang, Yanfang ^{[1
]}

Mei, Shue ^{[1
]}

Zhong, Weijun ^{[1
]}

机构：

[1] Southeast Univ, Sch Econ & Management, Nanjing, Jiangsu, Peoples R China

来源：

OPERATIONS RESEARCH LETTERS | 2013年 / 41卷 / 02期

关键词：

R&D; R&D risk; Concave; Convex; PRODUCT DIFFERENTIATION; PRISONERS-DILEMMA; COMPETITION; DUOPOLY;

D O I：

10.1016/j.orl.2012.12.010

中图分类号：

C93 [管理学]; O22 [运筹学];

学科分类号：

070105 ; 12 ; 1201 ; 1202 ; 120202 ;

摘要：

Given multiple R&D programs with different degrees of risk but an identical expected outcome, this paper demonstrates that for risk-neutral firms the lowest-risk R&D program is dominant when the market profit is concave in R&D variable whereas the highest-risk R&D program is dominant when this profit is convex. (c) 2012 Elsevier B.V. All rights reserved.

引用

页码：147 / 149

页数：3

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