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The Gains From Cooperative R&D With A Concave Technology And Spillovers

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Author Info
LUCA LAMBERTINI () (Department of Economics, University of Bologna, Strada Maggiore 45, 40125 Bologna, Italy)
GIANPAOLO ROSSINI () (Department of Economics, University of Bologna, Strada Maggiore 45, 40125 Bologna, Italy)
Abstract

We reassess the respective gains from R&D cooperation and competition in a Cournot duopoly where firms adopt a concave cost-reducing R&D technology. Cooperation, in the form of either a cartel or a joint venture, is always profitable for firms and, contrary to the previous literature on the same topic, (i) no corner solutions emerge and (ii) R&D cooperation is socially superior to independent ventures for any spillover level, provided the cost of R&D financing is sufficiently high.

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Publisher Info
Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.

Volume (Year): 11 (2009)
Issue (Month): 01 ()
Pages: 77-85
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Handle: RePEc:wsi:igtrxx:v:11:y:2009:i:01:p:77-85

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Related research
Keywords: Process innovation; R&D cooperation; joint ventures; L13; O31; O38;

Find related papers by JEL classification:
B4 - Schools of Economic Thought and Methodology - - Economic Methodology
C0 - Mathematical and Quantitative Methods - - General
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D5 - Microeconomics - - General Equilibrium and Disequilibrium
D7 - Microeconomics - - Analysis of Collective Decision-Making
M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics

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This page was last updated on 2009-11-13.

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