Competing or coordinating: IT R&;D investment decision making subject to information time lag |
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| Authors: | Tao Yao John Weyant Baichun Feng |
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| Affiliation: | (1) Department of Industrial and Manufacturing Engineering, The Pennsylvania State University, University Park, PA 16802, USA;(2) Department of Management Science and Engineering, Stanford University, Stanford, CA 94305, USA;(3) Sheldon B. Lubar School of Business, University of Wisconsin—Milwaukee, Milwaukee, WI 53211, USA |
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| Abstract: | In this paper, we apply a dynamic option-game framework to examine the impact of information time lag on Research and Development
(R&D) investment in innovative information technology (IT) industry. We focus on incentives of competition and coordination
in R&D. Our results show that shorter information time lag may induce firms to coordinate their investments and avoid over-investment.
The threshold of information time lag developed in this paper can facilitate managerial decisions on whether to compete or
coordinate R&D investments. |
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