Journal article
Monopoly versus R&D-integrated Duopoly
The Manchester school, Vol.70(1), pp.88-100
01/2002
DOI: 10.1111/1467-9957.00285
Abstract
In the standard two-stage framework of R&D/product market competition, this paper provides a performance comparison between monopoly and the cartelized research joint venture, using two well-known models based on different versions of the R&D spillover process. According to the model with a wider scope of application, monopoly always leads to a higher propensity for R&D and, when R&D costs are low, to the best overall market performance. The results also allow for a comparison between the two underlying models of strategic R&D.
Details
- Title: Subtitle
- Monopoly versus R&D-integrated Duopoly
- Creators
- Rabah Amir - University of ManchesterNiels Nannerup - University of Southern DenmarkAnna Stepanova - University of Southern DenmarkEline Eguiazarova - University of Southern Denmark
- Resource Type
- Journal article
- Publication Details
- The Manchester school, Vol.70(1), pp.88-100
- DOI
- 10.1111/1467-9957.00285
- ISSN
- 1463-6786
- eISSN
- 1467-9957
- Publisher
- Blackwell Publishers Ltd
- Number of pages
- 13
- Language
- English
- Date published
- 01/2002
- Academic Unit
- Economics
- Record Identifier
- 9984380416102771
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