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R&D-Cooperating Lagards versus a Technological Leader

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  • C. HALMENSCHLAGER

Abstract

We consider a modification of the standard two-stage model wherein two high-cost firms conduct cost-reducing R&D, in a setting with spillovers, and then Cournot compete against a low-cost firm that engages in no R&D. Two R&D cooperation scenarios are presented: the R&D cartel and the joint lab. The lagging firms choose a higher R&D level in a cartel, and a fortiori in a joint lab, as compared to R&D competition, and consumer surplus is higher, if and only if the spillover rate is larger than 1/3. The comparisons between firms' profits and social welfare under the three R&D scenarios are also characterized.
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Suggested Citation

  • C. Halmenschlager, 2003. "R&D-Cooperating Lagards versus a Technological Leader," Working Papers ERMES 0308, ERMES, University Paris 2.
    • Handle: RePEc:erm:papers:0308
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    File URL: http://www.u-paris2.fr/ermes/doctrav/trav0308
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    2. Raymond De Bondt & Jan Vandekerckhove, 2012. "Reflections on the Relation Between Competition and Innovation," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 7-19, March.
    3. Clark, Derek J. & Sand, Jan Yngve, 2010. "Endogenous technology sharing in R&D intensive industries," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 4, pages 1-48.
    4. Gamal Atallah, 2005. "Partner Selection in R&D Cooperation," Working Papers 0503E, University of Ottawa, Department of Economics.
    5. Lars Wiethaus, 2006. "Cooperation or competition in R&D when innovation and absorption are costly," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(6), pages 569-589.
    6. Andrea Mantovani, 2006. "Complementarity between product and process innovation in a monopoly setting," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(3), pages 219-234.
    7. Marco A. Marini & Maria L. Petit & Roberta Sestini, 2014. "Strategic timing in R&D agreements," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(3), pages 274-303, April.
    8. Jan Vandekerckhove & Raymond De Bondt, 2008. "Asymmetric Spillovers And Investments In Research And Development Of Leaders And Followers," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(5), pages 417-433.

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