Endogenous R&D Networks among Upstream Firms | Zendy

Kesavayuth Dusanee | Zendy; Manasakis Constantine | Zendy; Zikos Vasileios | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

Endogenous R&D Networks among Upstream Firms

Author(s) -

Kesavayuth Dusanee,

Manasakis Constantine,

Zikos Vasileios

Publication year - 2016

Publication title -

managerial and decision economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.288

H-Index - 51

eISSN - 1099-1468

pISSN - 0143-6570

DOI - 10.1002/mde.2695

Subject(s) - upstream (networking) , incentive , welfare , economics , microeconomics , outcome (game theory) , social welfare , computer science , market economy , telecommunications , political science , law

This paper studies the endogenous formation of R&D networks among upstream firms and the welfare implications thereof. Both under an upstream price setting and an upstream quantity setting, it is shown that the complete R&D network emerges in equilibrium but only if spillovers are sufficiently low. Yet, under a quantity setting, the complete network arises within a larger range of spillovers. In both cases, however, there is a potential conflict between private incentives for R&D collaboration and societal ones. We discuss policy measures that may help to steer firms towards a more socially desirable outcome. Copyright © 2014 John Wiley & Sons, Ltd.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research