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 Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-3529826.
Date of creation: 2003
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Other versions of this item:
- SUETENS, Sigrid, 2003. "Voluntary R&D cooperation in experimental duopoly markets," Working Papers 2003029, University of Antwerp, Faculty of Applied Economics.
- 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
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