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Upstream R&D networks

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  • Constantine Manasakis

    ()
    (Department of Economics, University of Crete, Greece)

  • Dusanee Kesavayuth

    ()
    (Research Institute for Policy Evaluation and Design, University of the Thai Chamber of Commerce, 126/1 Vibhavadee-Rangsit Road, Dindaeng, Bangkok, 104)

  • Vasileios Zikos

    ()
    (School of Economics, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom; and Research Institute for Policy Evaluation and Design, Univer)

Abstract

We study the endogenous formation of upstream R&D networks in a vertically related industry. We find that, when upstream firms set prices, the complete network that includes all firms emerges in equilibrium. In contrast, when upstream firms set quantities, the complete network will arise but only if within-network R&D spillovers are sufficiently low, while if R&D spillovers are sufficiently high, a partial network arises. Interestingly, when upstream firms set prices, the equilibrium network maximizes social welfare, while a conflict between equilibrium and socially optimal networks is likely to occur when upstream firms set quantities.

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Bibliographic Info

Paper provided by University of Crete, Department of Economics in its series Working Papers with number 1201.

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Date of creation: 15 Mar 2012
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Handle: RePEc:crt:wpaper:1201

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Keywords: Networks; R&D collaboration; upstream firms.;

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  1. Ziss, Steffen, 1995. "Vertical Separation and Horizontal Mergers," Journal of Industrial Economics, Wiley Blackwell, vol. 43(1), pages 63-75, March.
  2. Piga, Claudio & Poyago-Theotoky, Joanna, 2005. "Endogenous R&D spillovers and locational choice," Regional Science and Urban Economics, Elsevier, vol. 35(2), pages 127-139, March.
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  13. Kamien, Morton I & Muller, Eitan & Zang, Israel, 1992. "Research Joint Ventures and R&D Cartels," American Economic Review, American Economic Association, vol. 82(5), pages 1293-306, December.
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