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| Author: | Amir, R. Wooders, J. |
| Title: | One-way spillovers, endogenous innovator/imitator roles, and research joint ventures |
| Journal: | Games and Economic Behavior
2000 : APR, VOL. 31:1, p. 1-25 |
| Index terms: | Oligopoly R&D |
| Freeterms: | Spillovers Research joint ventures |
| Language: | eng |
| Abstract: | In this paper, considered is a two-period duopoly characterized by a one-way spillover structure in process R&D and a very broad specification of product market competition. It is shown that a-priori identical firms always engage in different levels of R&D, at equilibrium, thus giving rise to an innovator/imitator configuration and ending up with different sizes. There is also provided a general analysis of the social benefits of, and firms' incentive for, forming research joint ventures. There is also another contribution which is methodological. |
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