Arbeitspapier
Does sequential decision-making trigger collective investment in automobile R&D? Experimental evidence
We conduct a framed laboratory experiment to gain in-depth insights on factors that drive collective research and development efforts among firms located along the automotive value chain. In particular, we employ a public goods experiment and analyze the influence of sequential decision-making on the willingness to engage in cooperation and on economic welfare. By using a linear value chain setting with three suppliers and one OEM, we analyze vertical R&D cooperation. Our results reveal that contributions increase in situations with sequential decision-making and that sequential decisions increase the overall welfare, even in case of unequally distributed R&D budgets.
- ISBN
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978-3-86788-913-1
- Language
-
Englisch
- Bibliographic citation
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Series: Ruhr Economic Papers ; No. 785
- Classification
-
Wirtschaft
Design of Experiments: Laboratory, Group Behavior
Analysis of Collective Decision-Making: Other
Innovation and Invention: Processes and Incentives
- Subject
-
public goods experiment
collective innovation
automobile industry
value chain
innovation barriers
sequential decision making
- Event
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Geistige Schöpfung
- (who)
-
Buchmann, Tobias
Haering, Alexander
Kudic, Muhamed
Rothgang, Michael
- Event
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Veröffentlichung
- (who)
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RWI - Leibniz-Institut für Wirtschaftsforschung
- (where)
-
Essen
- (when)
-
2018
- DOI
-
doi:10.4419/86788913
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Buchmann, Tobias
- Haering, Alexander
- Kudic, Muhamed
- Rothgang, Michael
- RWI - Leibniz-Institut für Wirtschaftsforschung
Time of origin
- 2018
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Does Sequential Decision-Making Trigger Collective Investment in Automobile R&D? Experimental evidence
Depression and sequential decision-making revisited
Essays in Collective Decision-Making
Active vision as sequential decision-making under uncertainty
Preference Intensities in Repeated Collective Decision-Making
Decision-making algorithms : collective, social, and individual learning
Institutional entrepreneurs: decision-making, networking and collective leadership
An Experimental Study on Responsibility Attribution in Sequential Decision-Making
The Experience Is (Not) Everything: Sequential Outcomes and Social Decision-Making
Collective cognition and decision-making in humans and fish
Collective Decision-Making with Bayesian Robots in Dynamic Environments