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Cooperation versus competition in product innovation

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Listed:
  • Miguel Gonzalez-Maestre
  • Diego Penarrubia

Abstract

This paper analyzes the optimal antitrust policy in the context of a patent race. In a simplified model, we identify the conditions under which allowing cooperation yields greater welfare than imposing competition. In view of our results, we discuss, critically, the current European policy towards R&D cooperation.

Suggested Citation

  • Miguel Gonzalez-Maestre & Diego Penarrubia, 2005. "Cooperation versus competition in product innovation," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 14(4), pages 305-318.
  • Handle: RePEc:taf:ecinnt:v:14:y:2005:i:4:p:305-318
    DOI: 10.1080/1043859042000269070
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    References listed on IDEAS

    as
    1. Bresnahan, Timothy F & Greenstein, Shane, 1999. "Technological Competition and the Structure of the Computer Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 47(1), pages 1-40, March.
    2. Masahisa Fujita & Jacques-François Thisse, 2003. "Does Geographical Agglomeration Foster Economic Growth? And Who Gains and Loses from It?," The Japanese Economic Review, Japanese Economic Association, vol. 54(2), pages 121-145.
    3. Tether, Bruce S., 2002. "Who co-operates for innovation, and why: An empirical analysis," Research Policy, Elsevier, vol. 31(6), pages 947-967, August.
    4. Glenn C. Loury, 1979. "Market Structure and Innovation," The Quarterly Journal of Economics, Oxford University Press, vol. 93(3), pages 395-410.
    5. Bernstein, Jeffrey I & Nadiri, M Ishaq, 1988. "Interindustry R&D Spillovers, Rates of Return, and Production in High-Tech Industries," American Economic Review, American Economic Association, vol. 78(2), pages 429-434, May.
    6. Bernstein, Jeffrey I, 1989. "The Structure of Canadian Inter-industry R&D Spillovers, and the Rates of Return to R&D," Journal of Industrial Economics, Wiley Blackwell, vol. 37(3), pages 315-328, March.
    7. Battaggion, Maria R & Garella, Paolo G, 2001. "Joint Venture for a New Product and Antitrust Exemptions," Australian Economic Papers, Wiley Blackwell, vol. 40(3), pages 247-262, September.
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