How Long to Read Optimal Sharing Strategies in Dynamic Games of Research and Development

How Long Does it Take to Read Optimal Sharing Strategies in Dynamic Games of Research and Development?

It takes the average reader and 44 minutes to read Optimal Sharing Strategies in Dynamic Games of Research and Development by Nisvan Erkal

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper builds a theoretical foundation for the dynamics of knowledge sharing in private industry. In practice, research and development projects can take years or even decades to complete. We model an uncertain research process, where research projects consist of multiple sequential steps. We ask how the incentives to license intermediate steps to rivals change over time as the research project approaches maturity and the uncertainty that the firms face decreases. Such a dynamic approach allows us to analyze the interaction between how close the firms are to product market competition and how intense that competition is. If product market competition is relatively moderate, the lagging firm is expected never to drop out and the incentives to share intermediate research outcomes decreases monotonically with progress. However, if product market competition is relatively intense, the incentives to share may increase with progress. These results illustrate under what circumstances it is necessary to have policies aimed at encouraging cooperation in R&D and when such policies should be directed towards early vs. later stage research.

How long is Optimal Sharing Strategies in Dynamic Games of Research and Development?

Optimal Sharing Strategies in Dynamic Games of Research and Development by Nisvan Erkal is 44 pages long, and a total of 11,176 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Optimal Sharing Strategies in Dynamic Games of Research and Development Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Optimal Sharing Strategies in Dynamic Games of Research and Development aloud.

What Reading Level is Optimal Sharing Strategies in Dynamic Games of Research and Development?

Optimal Sharing Strategies in Dynamic Games of Research and Development is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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