search query: @author Wooders, J. / total: 3
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| Author: | Amir, R. Wooders, J. |
| Title: | Effects of one-way spillovers on market shares, industry price, welfare, and R&D cooperation |
| Journal: | Journal of Economics and Management Strategy
1999 : SUMMER, VOL. 8:2, p. 223-249 |
| Index terms: | MANAGEMENT ECONOMICS R&D |
| Language: | eng |
| Abstract: | With one-way spillovers, the standard symmetric two-period R&D model leads to an asymmetric equilibrium only, with endogenous innovator and imitator roles. The authors show how R&D decisions and measures of firm heterogeneity -- market shares, R&D shares, and profits -- depend on spillovers and on R&D costs. While a joint lab always improves on consumer welfare, it yields higher profits, cost reductions, and social welfare only under extra assumptions, beyond those required with multidirectional spillovers. |
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