کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5078753 | 1477358 | 2008 | 9 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
On additive spillovers and returns to scale in R&D
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper explores economically meaningful forms of cost functions for process research and development in the presence of imperfect appropriability of inventive output. We propose, as a central criterion to be satisfied by the knowledge production process, that a given R&D investment should always produce more cost reduction if devoted to one lab rather than two independent labs operated under natural spillovers. With input spillovers this postulate is broadly satisfied. However, with output spillovers this is generally not the case for R&D technologies having decreasing returns to scale. We identify economically plausible restrictions on the size of spillovers and on the properties of the R&D cost function so as to bring about compatibility with the above postulate. Some empirical evidence in support of both the criterion and of its theoretical implications is discussed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 26, Issue 3, May 2008, Pages 695-703
Journal: International Journal of Industrial Organization - Volume 26, Issue 3, May 2008, Pages 695-703
نویسندگان
Rabah Amir, Jim Y. Jin, Michael Troege,