This paper studies vertical R&D spillovers between upstream and downstream firms. The model incorporates two vertically related industries, with horizontal spillovers within each industry and vertical spillovers between the two industries. Four types of R&D cooperation are studied: no...

This paper investigates the strategic value of the managerial incentive scheme in affecting firms' incentive in R&D investment and their product market activities. Firstly, we find that in Cournot-quantity competition, owners strategically assign a non-profit-maximization objective to their...

Kooperationen sind für den unternehmerischen Erfolg von Biotechnologieunternehmen von überragender Bedeutung. Lange bevor die Unternehmen ein marktreifes Produkt herstellen können, müssen sie ihre Leistungsfähigkeit durch eine Kooperation mit einem attraktiven Partner aus der...

The authors construct an asymmetric duopolistic R&D and production behavior model subject to knowledge spillovers. This model is an extension to the symmetric model of d'Aspremont and Jaquemin (A&J (1988)) and aims to determine the cooperative and non-cooperative R&D strategiesfor two agents of...