Innovative Output, Infra-Industry Spilloves, and R&D Cooperation: Theory and Evidence
We analyse both the theoretical and empirical side of the issue of R&D spillover. Each firm`s R&D costs are increasing in the amount of the information transmitted to the other firms , and we account for the possibility that the firms control spillovers. We consider both Cournot-Nash and Cornot-Stackelberg behavior. The empirical analyst suggests that (i) firms` control on spillovers is relatively low; (ii) the cost-saving effect associated to joint ventures or R&D cartels is confermed for industries where firms rely mainly upon own R&D as a source of innovation; (iii) R&D cooperation may increase informationsharing, thereby enhancing spillovers.
Year of publication: |
2000
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Authors: | Lambertini, Luca ; Lotti, Francesca ; Santarelli, Enrico |
Publisher: |
Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE) |
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