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R&D spillovers and information exchange: a case study

Listed author(s):
  • Klaus Kultti

    ()

  • Tuomas Takalo

    ()

  • Tanja Tanayama

    ()

R&D spillovers can be viewed to arise as a result of a voluntary information exchange between firms. In this paper we extend this theory of R&D spillovers to a context where the spillover effect is on R&D dollars and occurs in a vertical relationship. We show how the exchange of information is more likely to take place in industries with a more extensive product differentiation. Our model predicts that the maximum incentives to exchange information can be found from the vertically related industries. Finally, we present a historical case study on an information-exchange agreement between Micronas and Micro Power Systems so as to support the predictions of the model. Copyright Eurasia Business and Economics Society 2015

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File URL: http://hdl.handle.net/10.1007/s40822-015-0024-7
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Article provided by Springer & Eurasia Business and Economics Society in its journal Eurasian Economic Review.

Volume (Year): 5 (2015)
Issue (Month): 1 (June)
Pages: 63-76

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Handle: RePEc:spr:eurase:v:5:y:2015:i:1:p:63-76
DOI: 10.1007/s40822-015-0024-7
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  6. Tuomas Takalo & Klaus Kultti, 1999. "Incomplete Contracting in Research Joint Ventures: a Case Study," Homo Oeconomicus, Institute of SocioEconomics, vol. 15, pages 341-367.
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  11. Kultti, Klaus & Takalo, Tuomas, 2002. "Hold-Ups and Asymmetric Information in a Technology Transfer: The Micronas Case," The Journal of Technology Transfer, Springer, vol. 27(3), pages 233-243, June.
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  13. Abiru, Masahiro & Nahata, Babu & Raychaudhuri, Subhashis & Waterson, Michael, 1998. "Equilibrium structures in vertical oligopoly," Journal of Economic Behavior & Organization, Elsevier, vol. 37(4), pages 463-480, December.
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  15. Pisano, Gary P., 1991. "The governance of innovation: Vertical integration and collaborative arrangements in the biotechnology industry," Research Policy, Elsevier, vol. 20(3), pages 237-249, June.
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  17. Rabah Amir & John Wooders, 1999. "Effects of One-Way Spillovers on Market Shares, Industry Price, Welfare, and R & D Cooperation," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 8(2), pages 223-249, 06.
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