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| Tekijä: | Amir, R. |
| Otsikko: | R&D returns, market structure, and research joint ventures |
| Lehti: | Journal of Institutional and Theoretical Economics
2000 : DEC, VOL. 156:4, p. 583-598 |
| Asiasana: | MARKET STRUCTURE JOINT BUSINESS VENTURES R&D DUOPOLY |
| Kieli: | eng |
| Tiivistelmä: | A two-period symmetric Cournot duopoly with demand and costs is analyzed under linear (or more general) returns to scale in process R&D. Subgame-perfect equilibrium may call for one firm to fully innovate while the other firm remains just as before. The outside is a polar duopoly or monopoly (one firm endogenously exiting). Two research joint venture schemes and the noncooperative solutions are compared. Due to built-in-symmetry, a joint lab does not always lead to the best performance. Overall, the author's findings differ quite substantially from those based on strongly decreasing R&D returns and symmetric outcomes. |
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