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| Tekijä: | Halmenschlager, C. |
| Otsikko: | R&D-cooperating laggards versus a technological leader |
| Lehti: | Economics of innovation and new technology
2004 : DEC, VOL. 13:8, p. 717-732 |
| Asiasana: | Technology R&D Co-operation Companies Models |
| Vapaa asiasana: | Spillovers |
| Kieli: | eng |
| Tiivistelmä: | This paper considers a modification of the standard two-stage model wherein two high-cost firms conduct cost-reducing R&D, in a setting with spillovers, and then Cournot compete against a low-cost firm that engages in no R&D. Two R&D cooperation scenarios are presented: the R&D cartel and the joint lab. The lagging firms choose a higher R&D level in a cartel, and a fortiori in a joint lab, as compared to R&D competition, and consumer surplus is higher, if and only if the spillover rate is larger than 1/3. The comparisons btw. firms' profits and social welfare are also characterized. |
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