We characterize the interplay between firms' decision in terms of product standardization and the nature of their ensuing market behaviour. We prove the existence of a nonmonotone relationship between firms' decision at the product stage and their intertemporal preferences.
Critical discount factor, Product innovation, RJVs
|Authors||Lambertini, Luca (Dept of Economics, University of Bologna, Italy), Poddar, Sougata (Catholic University of Louvain, Belgium), Sasaki, Dan (Economics Dept, University of Melbourne, Australia)|
|Publisher:||Elsevier Science S.A.|
|Keywords:||Critical discount factor, Product innovation, RJVs|