Product Market Competition and Investments in Cooperative R&D
نویسندگان
چکیده
منابع مشابه
Product Market Competition and Stock Market Efficiency
How does competition in a firm's product market affect the behavior of its stock? We examine this question in a noisy rational expectations economy in which firms operate under monopolistic competition. Production is subject to productivity shocks and requires capital, raised on a perfectly competitive equity market. Investors observe firms' past profits and collect private information about th...
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ژورنال
عنوان ژورنال: The B.E. Journal of Economic Analysis & Policy
سال: 2011
ISSN: 1935-1682
DOI: 10.2202/1935-1682.2922