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ANTONIO TESORIERE

R&D with spillovers: Monopoly versus noncooperative and cooperative duopoly.

  • Autori: Stepanova, A; Tesoriere, A
  • Anno di pubblicazione: 2011
  • Tipologia: Articolo in rivista (Articolo in rivista)
  • Parole Chiave: strategic R&D, R&D spillovers, industrial structure, oligopoly theory.
  • OA Link: http://hdl.handle.net/10447/59287

Abstract

This paper compares industry profit and R&D propensity for a duopoly conducting either noncooperative or cooperative R&D and a monopoly, using two different basic models of strategic R&D. One postulates spillovers in R&D inputs and predicts that equilibrium joint profit and R&D levels are always larger under monopoly. The other postulates spillovers in R&D outputs and sometimes predicts that joint profit and R&D levels are larger under either of the alternative scenarios. In addition, unlike input spillovers, spillovers in R&D outputs sometimes exert a positive effect on both effective and private noncooperative R&D levels.