Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
481726 | European Journal of Operational Research | 2008 | 20 Pages |
Abstract
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. Not consistently with the traditional opinions, we show that the superiority of the R&D cartel is due to the coexistence of cooperation and competition when spillovers are exogenous. Moreover, we conclude that high R&D input share must be reflected implicitly by high market share, and that firms’ R&D decisions vary with firms’ specific characteristics when spillovers is endogenous.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Zehui Ge, Qiying Hu,