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
收藏
页码：147 / 149
页数：3
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