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| Author: | Lambertini, L. Lotti, F. Santarelli, E. |
| Title: | Infra-industry spillovers and R&D cooperation: Theory and evidence |
| Journal: | Economics of innovation and new technology
2004 : JUN, VOL 13:4, p. 311-328 |
| Index terms: | Joint business ventures R&D Theories Models |
| Freeterms: | Spillovers |
| Language: | eng |
| Abstract: | This study analyzes both the theoretical and the empirical side of R&D spillovers (hereafter as: sp-o./sp-os). Each firm's R&D costs are increasing in the amount of information transmitted to other firms, and the possibility is accounted for that firms control sp-os. The study considers both Cournot-Nash and Cournot-Stackelberg behaviour. The empirical analysis suggests that 1. firms' control on sp-os. is relatively low, 2. the cost-saving effect associated to joint ventures or R&D cartels is confirmed for industries with firms relying mainly on own R&D as a source of innovation, 3. R&D cooperation may increase information sharing, thereby enhancing spillovers. |
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