This paper makes an attempt to link collaborative research in industry with Government initiative and market rate of interests. Two firms involved in Cournot competition in the market are deciding whether to conduct research to device a technique for cost reduction. Amount of cost reduction...

We consider a two period career concern model where corporate governance is a decisive factor for innovation efforts by a manager. In the beginning of the frst period, a manager decides whether to innovate. Prior to the innovation decision, the ability of the manager is unknown to the firm but...

This paper considers a two-stage game, where in the first stage, two firms bid non-cooperatively for a production technique that leads to a reduction in cost. Following the auction in the second stage of the game these firms compete against each other in a duopolistic industry. The amount of...

The paper studies incentives for cooperative research vis-à-vis non-cooperative research under incomplete information when the R&D outcome is stochastic and continuously distributed with a given mean and a constant variance. We show that the non-cooperative R&D incentive increases with the...

With more and more globalization, international trade has expanded to a large extent. This is also observable for trades in high technology products. India and China have emerged as two major exporters of high technology products in the world today. This paper makes an attempt to understand the...

This paper studies incentives for cooperative research vis-à-vis non-cooperative research in an incomplete information framework. We show that with quantity competition under asymmetric information, the expected payoff from non-cooperative research goes down compared to the case of symmetric...