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Liczba wyników
2011 | 6 | 104--132
Tytuł artykułu

R&D Rivalry and Cooperation in Duopoly: Firm Organization, Welfare and Policy Implications

Autorzy
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The objective of the paper is to reveal the optimal organization of industry when firms, facing externalities, compete or cooperate in R&D as well as in the final output market. The model hinges on a two-stage game setting. A ranking of solutions is established for alternative organizations. We focus on welfare issues and allow for public intervention. Subsidizing R&D is used to draw the industry to match the social welfare solution. The paper shows that targeting the optimal level of R&D leaves final output fall short of the welfare solution. Whereas targeting the final output leads to overinvestment in R&D. The ranking of policies reveals that the most efficient industry organization occurs when firms cooperate and fully share R&D results, but remain competitive in the final good market.(original abstract)
Rocznik
Tom
6
Strony
104--132
Opis fizyczny
Twórcy
autor
  • Université de Valenciennes et du Hainaut-Cambrésis, France
Bibliografia
  • Anselin L., Varga A. and Acs Z. (1997): Local Geographic Spillovers between University Research and Technology Innovation. "Journal of Urban Economics" Vol. 42, Iss. 3, pp. 422-448.
  • Carayol N. (2003): Objectives, Agreements and Matching in Science-Industry Collaborations: Reassembling the Pieces of the Puzzle. "Research Policy", Vol. 32, pp. 887-908.
  • Dasgupta P. and Stiglitz J. (1988): Potential Competition, Actual Competition and Economic Welfare. "European Economic Review", 32, pp. 569-577.
  • d'Aspermont C. and Jacquemin A. (1988): Cooperative and Noncooperative R&D in Duopoly with Spillovers. "American Economic Review", 78, pp. 1133-1137.
  • De Bondt R., Slaets P. and Cassiman B. (1992): The Degree of Spillovers and the Number of Rivals for Maximum Effective R&D. "International Journal of Industrial Organization", 10, pp. 35-54.
  • Henriques I. (1990): Cooperative and Noncooperative R&D in Duopoly with Spillovers: Comment. "American Economic Review", 80, pp. 638-640.
  • Jacquemin A. (1988): Cooperative Agreements in R&D and European Anti-Trust Policy. "European Economic Review", 32, pp. 551-560.
  • Kamien M., Muller E. and Zang I. (1992): Research Joint Ventures and R&D Cartels. "American Economic Review", 82, pp. 1293-1306.
  • Katz M. (1986): An Analysis of Cooperative Research and Development. "Rand Journal of Economics", 17, pp. 527-543.
  • Reinganaum J. (1989): Practical Implications of Game Theoretic Models in R&D. "American Economic Review", 74, pp. 61-66.
  • Spence M. (1984): Cost Reduction, Competition, and Industry Performance. "Econometrica", 52, pp. 101-121.
  • Spencer B. and Brander J. (1983): International R&D Rivalry and Industrial Strategy. "Review of Economic Studies", 50, pp. 707-722.
  • Suzumura K. (1992): Cooperative and Noncooperative R&D in an Oligopoly with Spillovers. "American Economic Review", 82, pp. 1307-1320.
  • Van Long N. and Soubeyran A. (1996): R&D Spillovers and Location Choice under Cournot Rivalry. Working Paper GREQAM 96a35, Université Aix-Marseille III.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171231247

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