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Title: Strategic commitment with R&D. The case of Bertrand competition
Authors: Lee, T.K. 
Issue Date: 1986
Citation: Lee, T.K. (1986). Strategic commitment with R&D. The case of Bertrand competition. Economics Letters 21 (4) : 375-378. ScholarBank@NUS Repository.
Abstract: When there is multiplicatively separable demand and firms compete in the price dimension, there is no room for strategic use of R&D by firms. Under a different demand situation, strategic use of R&D by firms competing in the price dimension reduces R&D spending, reduces output, increases price, and increases profits of each firm. © 1986.
Source Title: Economics Letters
ISSN: 01651765
Appears in Collections:Staff Publications

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