What is it about?
Using a game-theoretical model this paper shows that firms invest excessively on R&D to deter entry. Such R&D expenditure is particularly useful if the installed base is not very large.
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Why is it important?
This paper explains why companies like Google and Microsoft spend so much on new product development.
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This page is a summary of: Strategic R&D in systems industry - a network externality-based theory, International Journal of Management and Network Economics, January 2012, Inderscience Publishers,
DOI: 10.1504/ijmne.2012.048513.
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