Artikel
Product competition and R&D investment under spillovers within full or partial collusion games
The paper investigates firms' behavior and outcomes (levels of cost-reducing R&D, output, profit and welfare in equilibrium) in a differentiated duopoly with process innovation. One of the important features in this paper is that spillovers operate in the R&D stage and are tied to the degree of product substitutability as well as the extent of technological proximity/alienation of the research paths leading to cost reduction. Using this feature, the paper tries to explore and compare four separate organization setups (Full Competition, Semi-collusion in Production, Semi-collusion in R&D and Full Collusion). It is found that under technological proximity, competitions at the upstream stage depress R&D investment, and firms colluding in R&D regardless of their production strategy always yield more profit and generate higher social welfare than firms colluding in output; under technological alienation, R&D cooperation may reduce firms' interest to invest in R&D, and it is possible that firms in the Full Collusion regime produce most and generate the highest level of social welfare.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Latin American Economic Review ; ISSN: 2196-436X ; Volume: 24 ; Year: 2015 ; Issue: 1 ; Pages: 1-27 ; Heidelberg: Springer
- Klassifikation
-
Wirtschaft
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Oligopoly and Other Imperfect Markets
Innovation and Invention: Processes and Incentives
- Thema
-
R&D
Spillover
Semi-collusion
Product differentiation
Horizontal merger
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zhao, Kai
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2015
- DOI
-
doi:10.1007/s40503-015-0018-6
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Zhao, Kai
- Springer
Entstanden
- 2015
Ähnliche Objekte (12)
Health insurance, annuities, and public policy
Social security, differential fertility, and the dynamics of the earnings distribution
Horizontal mergers and uncertainty
Horizontal mergers and uncertainty
How important is health inequality for lifetime earnings inequality?
The evolution of health over the life cycle
Understanding the growing contributions of China to leading international higher education journals
Platelet stimulation-regulated expression of ILK and ITGB3 contributes to intrahepatic cholangiocarcinoma progression through FAK/PI3K/AKT pathway activation
Exploring the Complexity of Location Choices of the Creative Class in Europe: Evidence from the EU Labor Force Survey 1995-2010
scParser: sparse representation learning for scalable single-cell RNA sequencing data analysis
A balance between aerodynamic and olfactory performance during flight in Drosophila
Publisher Correction: scParser: sparse representation learning for scalable single-cell RNA sequencing data analysis
Health insurance, annuities, and public policy
Social security, differential fertility, and the dynamics of the earnings distribution
Horizontal mergers and uncertainty
Horizontal mergers and uncertainty
How important is health inequality for lifetime earnings inequality?
The evolution of health over the life cycle
Understanding the growing contributions of China to leading international higher education journals
Platelet stimulation-regulated expression of ILK and ITGB3 contributes to intrahepatic cholangiocarcinoma progression through FAK/PI3K/AKT pathway activation
Exploring the Complexity of Location Choices of the Creative Class in Europe: Evidence from the EU Labor Force Survey 1995-2010
scParser: sparse representation learning for scalable single-cell RNA sequencing data analysis
A balance between aerodynamic and olfactory performance during flight in Drosophila
Publisher Correction: scParser: sparse representation learning for scalable single-cell RNA sequencing data analysis
Health insurance, annuities, and public policy
Social security, differential fertility, and the dynamics of the earnings distribution
Horizontal mergers and uncertainty
Horizontal mergers and uncertainty
How important is health inequality for lifetime earnings inequality?
The evolution of health over the life cycle
Understanding the growing contributions of China to leading international higher education journals
Platelet stimulation-regulated expression of ILK and ITGB3 contributes to intrahepatic cholangiocarcinoma progression through FAK/PI3K/AKT pathway activation
Exploring the Complexity of Location Choices of the Creative Class in Europe: Evidence from the EU Labor Force Survey 1995-2010
scParser: sparse representation learning for scalable single-cell RNA sequencing data analysis
A balance between aerodynamic and olfactory performance during flight in Drosophila