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- W4386079080 abstract "The Strategy and Economics of Research The article attempts to apply the principles of rational economics in order to determine how much should be spent on what kinds of research, at the levels of the firm and of the industry. A first section treats this problem at the level of the firm, and discusses the planning of research expenditures to promote growth, the whole being considered as an adaptive process. A model of growth is developed under a set of restrictive assumptions. A second section removes some of the assumptions, introducing such considerations as the nature of competition and quality differences. The final model does not claim to provide direct guidance as to how much a firm should spend on research, but offers rather a description of the interdependences between the variables of interest. Its use by a firm would require estimation of the parameters concerned ; the fact that this is an uncertain business does not rob the model of value, however, since those taking the decisions would have to estimate the relevant parameters in any case." @default.
- W4386079080 created "2023-08-23" @default.
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- W4386079080 date "1961-01-01" @default.
- W4386079080 modified "2023-09-25" @default.
- W4386079080 title "La stratégie et l'économique de la recherche" @default.
- W4386079080 doi "https://doi.org/10.3406/ecoap.1961.2645" @default.
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