Collaboration in R&D activities: Firm-specific decisions
نویسندگان
چکیده
In this paper, we study the strategic R&D collaboration by introducing a virtual player to reveal cooperative incentives and keeping investment share and market share independent of each other. We show that high R&D input share must be reflected by high market share, and R&D investment increases with the success probability. Not consistently with the prevailing viewpoint, we also find firms’ R&D decisions vary with firms’ characteristics when spillovers is endogenous. Moreover, the superiority of the R&D cartel is due to the coexistence of cooperation and competition when spillovers are exogenous. JEL classification: L13; O31; O32
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ورودعنوان ژورنال:
- European Journal of Operational Research
دوره 185 شماره
صفحات -
تاریخ انتشار 2008