Title: Research and Development : Business Strategies Towards the Creation, Absorption and Dissemination of New Technologies
Publisher: VDM Verlag Dr. Mueller E.K.
Publication Date: 2007
Language: English
ISBN 10: 3836411512
ISBN 13: 9783836411516
Binding: Soft cover
Condition: New

About this title

Synopsis

In high-tech industries Research and Development (R&D) is the most important origin of competitive advantage. The underlying investment decisions are notably complex. First high-tech industries are highly concentrated such that mutual observation and reactions among competitors need to be taken into account. Secondly the knowledge created through R&D may not only benefit its originator but may spill over to competitors. This book offers novel analyses of four questions. Should competitors follow similar research paths as to maximise knowledge flows or, to the contrary, minimize spillovers through specific paths? What is the optimal mix of R&D aimed to create original innovation and R&D targeted to absorb others' innovations? Under what circumstances can incumbents use their ability to absorb external R&D as to threaten innovative entrants? Should competing firms share knowledge with a common supplier who may diffuse it? Basic game theory is applied and the book addresses researchers, advanced students, policy-makers and R&D strategists.

About the Author

Dr. Lars Wiethaus, Master in Business Administration, Ph.D. in Economics, University of Hamburg. Scholarships, University of Notre Dame and Max Planck Institute of Economics. Economic Consultant, LECG Ltd., London, Competition Policy Practice. Referee for numerous academic journals.

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