Journal article
R&D returns, market structure and research joint ventures
Journal of institutional and theoretical economics : JITE = Zeitschrift für die gesamte Staatswissenschaft, Vol.156(4), pp.583-598
Discussion papers
1999
Abstract
A two-period symmetric Cournot duopoly with linear demand and costs is analyzed under linear (or more general) returns to scale in process R&D. Subgameperfect equilibrium may call for one firm to fully innovate while the other firm remains just as before. The outcome is a polar duopoly or monopoly (one firm endogenously exiting). Two research joint venture schemes and the noncooperative solution are compared. Due to built-in symmetry, a joint lab does not always lead to the best performance. Overall, our findings differ quite substantially from those based on strongly decreasing R&D returns and symmetric outcomes.
Details
- Title: Subtitle
- R&D returns, market structure and research joint ventures
- Creators
- Rabah Amir
- Resource Type
- Journal article
- Publication Details
- Journal of institutional and theoretical economics : JITE = Zeitschrift für die gesamte Staatswissenschaft, Vol.156(4), pp.583-598
- Publisher
- Copenhagen
- Series
- Discussion papers
- ISSN
- 0932-4569
- eISSN
- 1614-0559
- Language
- English
- Date published
- 1999
- Academic Unit
- Economics
- Record Identifier
- 9984380540602771
Metrics
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