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The paper investigates the contribution of cooperative and non-cooperative R and D subsidies to firm growth. Of particular interest is hereby firms' embeddedness into subsidized cooperation networks. For the empirical analysis we utilize an unbalanced panel of 2.199 German manufacturing firms...
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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...
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We implement an experimental design based on a duopoly game in which subjects choose whether to cooperate in Research … spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases …
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 … spillovers and the intensity of competition. Consistently with the theory, we find that the probability of cooperation increases …
Persistent link: https://www.econbiz.de/10012814553