6533b873fe1ef96bd12d59af

RESEARCH PRODUCT

A Further Note on Endogenous Spillovers in a Non-tournament R&D Duopoly

Antonio Tesoriere

subject

MicroeconomicsOrganizational Behavior and Human Resource ManagementEconomics and EconometricsSimple (abstract algebra)Management of Technology and InnovationStrategy and ManagementCollusionEconomicsTournamentEndogenous asymmetry Endogenous spillovers R&D collusionSettore SECS-P/06 - Economia ApplicataDuopoly

description

This note considers the paper of Poyago-Theotoky (1999) on strategic R&D with endogenous spillovers. It proves through an example that, under R&D collusion, optimality sometimes requires either minimal or asymmetric spillovers. It also provides a simple sufficient condition for optimal spillovers between colluding firms to involve maximal spillovers (i.e., complete sharing of information).

https://doi.org/10.1007/s11151-008-9184-x