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A note on endogenous spillovers in a non-tournament R&D duopoly
journal contributionposted on 2006-05-30, 09:50 authored by Joanna Poyago-Theotoky
The paper analyzes a simple non-tournament model of R&D where firms are engaged in cost-reducing innovation. It is shown that when spillovers of information are treated as endogenous firms never disclose any of their information when choosing their R&D non-cooperatively. Under cooperative R&D, firms will always choose to fully share their information, i.e., a research joint venture will operate with a maximal spillover value.
- Business and Economics