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.
International Journal of Technology Management, 1995 Vol.10 No.4/5/6, pp.393 - 406
Published online: 23 May 2009 *Full-text access for editors Access for subscribers Purchase this article Comment on this article