Commitment procedures in R&D investments: an examination of different varieties
by Jackie Krafft, Isabelle Nicolai
International Journal of Technology Management (IJTM), Vol. 10, No. 4/5/6, 1995

Abstract: In this article, two different commitment procedures are examined. The first one captures R&D investment as any other investment strategy: evaluation and two by two comparison programmes are elaborated in order to exhibit the optimal solution, which is immediately adopted. The second one views R&D investment as an element of an innovative choice. Evaluation and two by two comparison are not implementable and a commitment procedure has to be defined. We propose a characterization of this procedure.

Online publication date: Sat, 23-May-2009

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