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: Aug 2003
Date of revision:
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Web page: https://www.uantwerp.be/en/faculties/applied-economic-sciences/
More information through EDIRC
R&D; Duopoly; Experiment;
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.
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
This paper has been announced in the following NEP Reports:
- 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)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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