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We reconsider Goyal and Moraga-Gonzalez [Rand J. of Econ. 32 (2001), 686-707] model of strategic networks in order to analyze how government policies (e.g. subsidies) will affect the stability and efficiency of networks of R&D collaboration among three firms located in different countries. A...
Persistent link: https://www.econbiz.de/10005043463
In this note, we extend the Goyal and Joshi's model of network of collaboration in oligopoly to multi-market situations …
Persistent link: https://www.econbiz.de/10010904527
network is always pairwise stable and the partially connected network is stable if and only if spillovers are large enough. If … spillovers are small, the complete network is the efficient network; otherwise, the efficient network is the partially connected … network. Thus, a conflict between stability and efficiency may occur: efficient networks are pairwise stable, but the reverse …
Persistent link: https://www.econbiz.de/10005043051
In this note, we extend the Goyal and Joshi’s model of network of collaboration in oligopoly to multi-market situations …
Persistent link: https://www.econbiz.de/10010858021
We analyze the formation of bilateral R&D collaborations in an oligopoly when each firm benefits from the research done by other firms it is connected to. In contrast to myopic stability, farsighted stability leads to R&D networks consisting of two minimally connected components, with the...
Persistent link: https://www.econbiz.de/10011116200
The result that firms competing in a Cournot oligopoly with pairwise collaboration form a complete network under zero …
Persistent link: https://www.econbiz.de/10008805865
We consider a multimarket framework where a set of firms compete on two oligopolistic markets. The cost of production of each firm allows for spillovers accross markets, ensuring that output decisions for both markets have to be made jointly. Prior to competing in these markets, firms can...
Persistent link: https://www.econbiz.de/10010833298
We develop a model of endogenous network formation in order to examine the incentives for R&D collaboration in a mixed … oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable …. When R&D subsidies are not available, in addition to the complete network, the private partial and the private-hub star …
Persistent link: https://www.econbiz.de/10008457581
network is likely to emerge in the long run if and only if knowledge spillovers are large enough. However, when unions settle … wages, the complete network is the unique stable network. In other words, the stronger the union bargaining power is, the … more symmetric stable R&D networks will be. In terms of network efficiency, the partially connected network (when firms …
Persistent link: https://www.econbiz.de/10005604573
differentiation and link costs: (i) the non-exclusive distribution & non-exclusive dealing network in which both retailers distribute … distribution & exclusive dealing network in which each retailer distributes a different product is stable for low degrees of … product differentiation; (iii) the mixed distribution network in which one retailer distributes both products while the other …
Persistent link: https://www.econbiz.de/10005042887