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Hybrid R&D
Goyal, Sanjeev; Konovalov, Alexander; Moraga, Jose Luis - 2003
We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...
Persistent link: https://www.econbiz.de/10010324930
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In Defense of Trusts: R&D Cooperation in Global Perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2013
We examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. For that we utilize a dynamic model of R&D whereby we consider all possible initial marginal cost levels (technologies), including those...
Persistent link: https://www.econbiz.de/10010326462
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R&D Cooperatives and Market Collusion: A Global Dynamic Approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2017
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (The American Economic Review 78(5): 1133–1137, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product...
Persistent link: https://www.econbiz.de/10011662518
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Research among Copycats: R&D, Spillovers, and Feedback Strategies
Smrkolj, Grega; Wagener, Florian - 2014
production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as … between spillovers, R&D efforts, and surpluses is non-monotonic and dependent on both the relative and absolute efficiency of … firms. Larger spillovers increase the likelihood that a new technology is brought to production, but they do not necessarily …
Persistent link: https://www.econbiz.de/10010491339
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R&D Cooperatives and Market Collusion: A Global Dynamic Approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2016
We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. We...
Persistent link: https://www.econbiz.de/10011526125
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Mergers and Innovation Portfolios
Moraga-González, José Luis; Motchenkova, Evgenia; … - 2019
This paper studies mergers in markets where firms invest in a portfolio of research projects of different profitability and social value. The portfolio nature of the investment problem brings about novel insights on the external effects of firms’ investments. The investment of a firm in...
Persistent link: https://www.econbiz.de/10012233959
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R&D Networks
Goyal, Sanjeev; Moraga, Jose Luis - 2000
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of...
Persistent link: https://www.econbiz.de/10010324725
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Cooperation in the Classroom: Experimenting with R&D Cooperatives
Goeree, Michelle Sovinsky; Hinloopen, Jeroen - 2006
firms when technological spillovers are present. The game involves two stages in which student sellers first make investment …
Persistent link: https://www.econbiz.de/10010325506
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Trade Reform and Labor Market Dynamics
Botman, Dennis P.J.; Tieman, Alexander F. - 1999
We present an equilibrium-search model with heterogenous workers whosearch for a job in one of two sectors and who lose part of theirskills during unemployment. We show that an import tariff increasethe wage and the employment prospects in the protected sector. Thisresults in a labor market...
Persistent link: https://www.econbiz.de/10010324466
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Dynamic Efficiency of Product Market Competition : Cournot versus Bertrand
Hinloopen, Jeroen; Vandekerckhove, Jan - 2008
spillovers are substantial, and when goods are not too differentiated. The range of cases for which total surplus under Cournot …
Persistent link: https://www.econbiz.de/10014221104