A Note on Endogenous Spillovers in a Non-Tournament R & D Duopoly |
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| Authors: | Joanna Poyago-Theotoky |
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| Institution: | (1) Department of Economics, University of Nottingham, University Park, Nottingham, NG7 2RD, England, U.K |
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| Abstract: | 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. |
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| Keywords: | R & D duopoly non-tournament model endogenous spillovers |
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