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Optimal R&D levels when firm j benefits from firm i's inventive activity

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  • Hartwick, John M.

Abstract

We amend the static model of industry structure in Dasgupta and Stiglitz to include external benefits from a firm's R&D. Now "the market" under invests in R&D relative to the social optimum. The work of Mansfield suggests such external benefits are pervasive.
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  • Hartwick, John M., 1984. "Optimal R&D levels when firm j benefits from firm i's inventive activity," Economics Letters, Elsevier, vol. 16(1-2), pages 165-170.
    • Handle: RePEc:eee:ecolet:v:16:y:1984:i:1-2:p:165-170
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    Cited by:

    1. Bondarev, Anton & Greiner, Alfred, 2018. "Catching-up and falling behind: Effects of learning in an R&D differential game with spillovers," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 134-156.
    2. Anton Bondarev, 2016. "Intensity of R&D competition and the generation of innovations in heterogeneous setting," Journal of Evolutionary Economics, Springer, vol. 26(3), pages 621-653, July.
    3. Julien Jacob, 2011. "Innovation and diffusion in risky industries under liability law: the case of “double-impact” innovations," Working Papers of BETA 2011-24, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    4. Emmanuel Combe & Jacky Fayolle & Françoise Milewski, 1993. "La politique industrielle communautaire," Revue de l'OFCE, Programme National Persée, vol. 43(1), pages 399-454.

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