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R&D Cooperation and the Joint Exploitation of R&D

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  • Andrew Brod
  • Ram Shivakumar

Abstract

Is R&D cooperation preferred to noncooperative R&D and does the answer depend on how firms choose output? And if antitrust protection is provided to R&D, is it desirable to extend antitrust protection to cooperative production as well? In the authors' model, cooperative R&D is always preferred by both firms and consumers, regardless of how output is chosen. They then show that, though innovation effort and profits are higher when both output and R&D effort are chosen cooperatively, consumer surplus and overall social welfare are higher when cooperation is restricted to R&D.

Suggested Citation

  • Andrew Brod & Ram Shivakumar, 1997. "R&D Cooperation and the Joint Exploitation of R&D," Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 673-684, August.
  • Handle: RePEc:cje:issued:v:30:y:1997:i:3:p:673-84
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    Citations

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    Cited by:

    1. Ruslan Lukach & Joseph Plasmans & Peter M. Kort, 2005. "Innovation Strategies in a Competitive Dynamic Setting," CESifo Working Paper Series 1395, CESifo Group Munich.
    2. Hinloopen, Jeroen, 2000. "Strategic R&D Co-operatives," Research in Economics, Elsevier, vol. 54(2), pages 153-185, June.
    3. Hagedoorn, John & Link, Albert N. & Vonortas, Nicholas S., 2000. "Research partnerships1," Research Policy, Elsevier, vol. 29(4-5), pages 567-586, April.
    4. Motchenkova, E.I. & Rus, O., 2011. "Research joint ventures and price collusion: Joint analysis of the impact of R&D subsidies and antitrust fines," Serie Research Memoranda 0025, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    5. Suetens, Sigrid, 2008. "Does R&D cooperation facilitate price collusion? An experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 66(3-4), pages 822-836, June.
    6. Marie-Laure Cabon-Dhersin & Romain Gibert, 2017. "Cooperation or non-cooperation in R&D: how should research be funded? ," Working Papers hal-01587014, HAL.

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