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Persistent link: https://www.econbiz.de/10011823387
This paper reconsiders the explanation of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic...
Persistent link: https://www.econbiz.de/10010371077
We reconsider the justifications of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to pool R&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic benefits of R&D investment in the...
Persistent link: https://www.econbiz.de/10010343942
We implement an experimental design based on a duopoly game in which subjects choose whether to cooperate in Research and Development (R&D) activities. We first conduct six experimental markets that differ in both the levels of knowledge spillovers and the intensity of competition. Consistently...
Persistent link: https://www.econbiz.de/10013193778
We implement an experimental design based on a duopoly game in which subjects choose whether to cooperate in Research and Development (R&D) activities. We first conduct six experimental markets that differ in both the levels of knowledge spillovers and the intensity of competition. Consistently...
Persistent link: https://www.econbiz.de/10012814553
Persistent link: https://www.econbiz.de/10014369396
Persistent link: https://www.econbiz.de/10009550247
Persistent link: https://www.econbiz.de/10001748658
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...
Persistent link: https://www.econbiz.de/10014141377
The goal of this paper is to present a formal model of firm innovation that simultaneously analyzes innovation factors … serves here as an input measure of firm innovation. R&D intensity can be defined as a ratio of firm's R&D spending to the … an elasticity-based model of firm innovation. Further, within the model framework, it is shown how horizontal R …
Persistent link: https://www.econbiz.de/10012025742