Spillover, Competition and Better R&D Organization |
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| Authors: | Kyoung-Lim Yun,Yong-Sam Park,& Byong-Hun Ahn |
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| Affiliation: | HANARO Telecommunications Inc., Seoul, Korea,;Electronics and Telecommunications Research Institute, Taejon, Korea,;Graduate School of Management, KAIST, Seoul, Korea |
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| Abstract: | This paper examines several types of R&D organization, including one noncooperative (independent R&D) form and three cooperative ones (R&D coordination, an R&D consortium and a research joint venture (RJV)). We consider the sharing of both research inputs and outputs in an R&D consortium and an RJV. We show that the superiority of a form of R&D organization cannot be determined uniquely, but should be judged by four parameters. In addition, it is shown that there exist possible mixes of these parameters in which an R&D consortium is superior to either R&D coordination or an RJV in terms of technological improvement and social welfare.
JEL Classification Numbers: L13, L41. |
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