Does society prefer small innovation?

In this paper we show how the size of innovation can affect the incentive for cooperative R&D and social welfare. When cost difference between large and small innovations is not sufficiently large then social welfare can be more under small innovation compared to large innovation. However, the innovating firm always prefers large innovation.

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Year of publication:	2001-11
Authors:	Mukherjee, Arijit
Institutions:	Centre for Economic Research, School of Economics and Management Studies
Subject:	Cooperative R&D \| Welfare

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Extent:	application/pdf
Series:	Keele Department of Economics Discussion Papers (1995-2001). - ISSN 1352-8955.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, Vol. 78, Issue 3, March 2003 pages 301-07. [ doi:10.1016/S0165-1765(02)00265-3 ] The text is part of a series Keele University, Department of Economics Discussion Papers Number 2001/05 11 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L13 - Oligopoly and Other Imperfect Markets ; O34 - Intellectual Property Rights: National and International Issues
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005636051