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We examine whether cooperation in R&D leads to product market collusion. Suppose that firms engage in a stochastic R&D race while maintaining the collusive equilibrium in a repeated-game framework. Innovation under competitive R&D creates inter-firm asymmetries, which destabilizes the collusive...
Persistent link: https://www.econbiz.de/10010332459
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research … technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse …
Persistent link: https://www.econbiz.de/10012259639
We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research … technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse …
Persistent link: https://www.econbiz.de/10012269577
likelihood of undertaking co-operative R&D and both incoming knowledge spillovers and the extent to which firms find strategic …
Persistent link: https://www.econbiz.de/10010293088
always profitable for firms and (iii) socially superior to independent ventures, provided that spillovers are sufficiently …
Persistent link: https://www.econbiz.de/10011651402
We investigate how R&D spillovers propagate across firms linked through Research Joint Ventures (RJVs). Building on the … framework developed by Bloom et al. (2013) which considers the opposing effects of knowledge spillovers and product market … cooperate in RJVs; and that RJV participation allows firms to better absorb technological spillovers and, thus, create value. …
Persistent link: https://www.econbiz.de/10014483324
We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … impact on incremental innovations. This impact is largely independent of the participation in R&D cooperations. Spillovers … face difficulties in using knowledge that comes from areas they are not familiar with. Establishments exploit spillovers …
Persistent link: https://www.econbiz.de/10010297531
assessments. We find that both spillovers within the private sector as well as from universities and other public research …
Persistent link: https://www.econbiz.de/10010263783
This paper presents a dynamic model of a competitive R&D and production duopoly subject to knowledge spillovers. Two … planner prefer the R&Dcooperative strategy over the competitive one regardless of the intensity of knowledge spillovers …
Persistent link: https://www.econbiz.de/10010261135
competitors. The paper examines the capacity for decentralised patent-based incentive mechanisms to result in socially optimal … incompatibility between the dynamics of the patent system and the dynamics of the resistance problem under both types of evolution …. Under scale-dependent evolution, the externalities within a patent-based system indicate that decentralised mechanisms will …
Persistent link: https://www.econbiz.de/10011325083