Strategic investment with spillovers
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In this paper, the competitive incentives for over- or under-investment were investigated in various competitive and cooperative settings for duopoly firms that operate with quadratic payoffs.About:
This article is published in European Journal of Political Economy.The article was published on 1991-10-01 and is currently open access. It has received 155 citations till now. The article focuses on the topics: Duopoly & Spillover effect.read more
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R&D cooperation and spillovers: Some empirical evidence from Belgium
TL;DR: In this paper, Reinhilde Veugelers et al. measured the impact of external information flows on the rate of innovation of a firm and the ability of the firm to appropriate the benefits of its innovations.
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Research Joint Ventures and R&D Cartels
TL;DR: In this paper, the effects of R&D cartelization and research joint ventures on firms that engage in either Cournot or Bertrand competition in their product market were analyzed and it was shown that creating a competitive research joint venture reduces the equilibrium level of technological improvement and increases equilibrium prices.
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Heterogeneity in R&D cooperation strategies
TL;DR: In this paper, the authors explore heterogeneities in the determinants of innovating firms' decisions to engage in R&D cooperation, differentiating between four types of cooperation partners: competitors, suppliers, customers, and universities and research institutes.
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R&D cooperation and innovation activities of firms—evidence for the German manufacturing industry
Wolfgang Becker,Juergen Dietz +1 more
TL;DR: In this paper, the authors investigated the role of R&D cooperation in the innovation process from two specific aspects: the impact of the number of cooperation partners on firms' innovation input and output, and the effect of the cooperation partners' number on the innovation behavior of firms.
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Spillovers and innovative activities
TL;DR: In this paper, a search for general tendencies among models that look at spillovers in innovative activities was conducted, including stochastic racing models, dynamic and static commitment models, and strategic investment models.
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The Theory of Industrial Organization
TL;DR: The Theory of Industrial Organization as discussed by the authors is the first primary text to treat the new industrial organization at the advanced-undergraduate and graduate level Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to highlight robust economic ideas.
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Innovation and Learning: The Two Faces of R & D
TL;DR: In this paper, the authors assume that firms invest in R&D not only to generate innovations, but also to learn from competitors and extraindustry knowledge sources (e.g., university and government labs).
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Multimarket Oligopoly: Strategic Substitutes and Complements
TL;DR: A firm's actions in one market can change competitors' strategies in a second market by affecting its own marginal costs in that other market as mentioned in this paper, and whether the action provides costs or benefits in the second market depends on whether it increases or decreases marginal costs.
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Price and quantity competition in a differentiated duopoly
Nirvikar Singh,Xavier Vives +1 more
TL;DR: The authors analyzes the duality of prices and quantities in a differentiated duopoly and shows that if firms can only make two types of binding contracts with consumers, the price contract and the quantity contract, it is a dominant strategy for each firm to choose the quantity (price) contract, provided the goods are substitutes (complements).
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Cooperative and Noncooperative R&D in Duopoly with Spillovers : Erratum
TL;DR: In this article, it was shown that in the presence of sufficient spillovers of the R&D benefits, duopolists, cooperating in R&DM but not in the output, spend more on R&DI than non-cooperating firms at both stages, and also produce more output, closest to the socially optimal level.