The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

R&D Races

  • Jennifer F. Reinganum
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2660

Abstract

This article summarizes recent theoretical and empirical research on R&D races. Two canonical models of an R&D race are described, and their implications for the investment behaviour of incumbent leaders and potential entrants are discussed.

Empirical studies that attempt to verify or refute the implied patterns of investment are also discussed.

Keywords

R&D races Innovation Invention Patents 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Jennifer F. Reinganum
    • 1
  1. 1.