Voluntary R&D cooperation in experimental duopoly markets
AbstractIn the paper I examine in an experiment whether for two different levels of technological spillovers, cooperative R&D behavior voluntarily arises when firms have communication possibilities. It is assumed that in the output market, firms compete `a la Cournot. Experimental results indicate that when technological spillovers are complete and subjects communicate, R&D decisions converge to the cooperative level, while in other cases R&D decisions converge towards the Nash equilibrium.
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Bibliographic InfoPaper provided by University of Antwerp, Faculty of Applied Economics in its series Working Papers with number 2003029.
Length: 19 pages
Date of creation: Dec 2003
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Other versions of this item:
- Suetens, S., 2003. "Voluntary R&D cooperation in experimental duopoly markets," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3529826, Tilburg University.
- NEP-ALL-2005-01-02 (All new papers)
- NEP-COM-2005-01-02 (Industrial Competition)
- NEP-EXP-2005-01-02 (Experimental Economics)
- NEP-IND-2005-01-02 (Industrial Organization)
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