Inequality Aversion and Corporate R&D Investment Decision

摘要：

　　R&D investment brings not only positive externalities but also inequality aversion to corporations of asymmetry initial cost.This paper builds a two-stage dynamic game model to explore the effect of inequality aversion induced by R&D investment on corporate R&D investment decision.The study finds that cost backward corporation generates inequality aversion,investment effect of inequality aversion is greater than zero.Then we further analyze the relationship of inequality aversion,R&D spillovers and changes of production on duopoly.

关键词： Inequality aversion R&D spillovers Investment decision Duopoly

作者: TU Jing Wang Xinxin

作者单位: School of Management,Wuhan University of Science and Technology,wuhan,China,430081

会议类型: 国际会议

会议名称: the 5th (2013)International Conference on Financial Risk and Corporate Finance Management(第五届(2013)金融风险与公司金融国际研讨会)

会议地点: 大连

会议语种:英文

页码: 310-313

在线出版日期: 2013-06-29（万方平台首次上网日期，不代表论文的发表时间）