R&D efficiency gains due to cooperation

J Hinloopen*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

A theoretical and widely-quoted finding is that levels of cooperative R&D exceed noncooperative R&D levels when technological spillovers are relatively large, while the opposite holds for relatively small technological spillovers. We qualify this result by showing that for relatively small technological spillovers the comparison is not driven by the extent of technological spillover, but by the increase in technological spillover due to cooperation in R&D. In particular, an agreement to cooperate in R&D always raises R&D efforts if the post-cooperative technological spillover rate is "high enough".

Original languageEnglish
Pages (from-to)107-125
Number of pages19
JournalJournal of economics
Volume80
Issue number2
DOIs
Publication statusPublished - Oct 2003
Externally publishedYes

Keywords

  • cooperative R&D
  • noncooperative R&D
  • increasing technological spillovers
  • RESEARCH JOINT VENTURES
  • VERTICAL PRODUCT DIFFERENTIATION
  • SPILLOVERS
  • DUOPOLY
  • INNOVATION
  • OLIGOPOLY

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