Authors: Lei Yuan Baosheng Zhang
Publish Date: 2008/05/29
Volume: 5, Issue: 2, Pages: 189-194
Abstract
When an oligopoly company decides how much should be invested in its RD in order to reap the largest profits it considers not only what its competitors have done but also how its competitors would respond to its action Therefore different relationships between oligopoly companies will lead to different responses in their decisions on RD investment A correlation deduced from different responses of oligopoly companies in RD investment with the complete information tactic game theory is presented and the RD investment of oilfield service companies was analyzed with this correlation The correlations of Schlumberger’s RD investment Halliburton’s RD investment and Baker Hughes’ RD investment were established and analyzed Meanwhile two regression models were presented One was composed of Schlumberger’s RD investment in the previous year and Halliburton’s RD investment The other was composed of Schlumberger’s RD investment and Baker Hughes’ RD investment in the same year The accuracy of these two models was proved to be good
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