Title: Commitment procedures in R&D investments: an examination of different varieties

Authors: Jackie Krafft, Isabelle Nicolai

Addresses: LATAPSES, CNRS-UNSA, 250 rue A. Einstein, F 06560 Valbonne, France. ' LATAPSES, CNRS-UNSA, 250 rue A. Einstein, F 06560 Valbonne, France

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.

Keywords: complementarity; irreversibility; R&D strategy; innovation; uncertainty; R&D investment; research and development; innovative choice.

DOI: 10.1504/IJTM.1995.025634

International Journal of Technology Management, 1995 Vol.10 No.4/5/6, pp.393 - 406

Published online: 23 May 2009 *

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