Arbeitspapier
R&D networks: Theory, empirics and policy implications
We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that maximizes total welfare. We also identify the key firms, i.e. the firms whose exit would reduce welfare the most. We then structurally estimate our model using a panel dataset of R&D collaborations and annual company reports. We use our estimates to identify the key firms and analyze the impact of R&D subsidy programs. Moreover, we analyze temporal changes in the rankings of key firms and how these changes affect the optimal R&D policy.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 142
- Classification
-
Wirtschaft
Network Formation and Analysis: Theory
Contracting Out; Joint Ventures; Technology Licensing
Technological Change: Choices and Consequences; Diffusion Processes
- Subject
-
R&D networks
key firms
optimal subsidies
Industrieforschung
Forschungskooperation
Unternehmensnetzwerk
Nash-Gleichgewicht
Forschungsfinanzierung
Wohlfahrtsanalyse
Theorie
Welt
- Event
-
Geistige Schöpfung
- (who)
-
König, Michael D.
Liu, Xiaodong
Zenou, Yves
- Event
-
Veröffentlichung
- (who)
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University of Zurich, Department of Economics
- (where)
-
Zurich
- (when)
-
2014
- DOI
-
doi:10.5167/uzh-93904
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
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
- König, Michael D.
- Liu, Xiaodong
- Zenou, Yves
- University of Zurich, Department of Economics
Time of origin
- 2014
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