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R&D Efficiency Gains Due to Cooperation

R&D Efficiency Gains Due to Cooperation A theoretical and widely-quoted finding is that levels of cooperative R&D exceed noncooperative R&D levels when technological spillovers are relatively large, while the opposite holds for relatively small technological spillovers. We qualify this result by showing that for relatively small technological spillovers the comparison is not driven by the extent of technological spillover, but by the increase in technological spillover due to cooperation in R&D. In particular, an agreement to cooperate in R&D always raises R&D efforts if the post-cooperative technological spillover rate is “high enough”. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economics Springer Journals

R&D Efficiency Gains Due to Cooperation

Journal of Economics , Volume 80 (2) – Oct 20, 2003

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References (20)

Publisher
Springer Journals
Copyright
Copyright © 2003 by Springer-Verlag Wien
Subject
Economics
ISSN
0931-8658
eISSN
1617-7134
DOI
10.1007/s00712-003-0016-z
Publisher site
See Article on Publisher Site

Abstract

A theoretical and widely-quoted finding is that levels of cooperative R&D exceed noncooperative R&D levels when technological spillovers are relatively large, while the opposite holds for relatively small technological spillovers. We qualify this result by showing that for relatively small technological spillovers the comparison is not driven by the extent of technological spillover, but by the increase in technological spillover due to cooperation in R&D. In particular, an agreement to cooperate in R&D always raises R&D efforts if the post-cooperative technological spillover rate is “high enough”.

Journal

Journal of EconomicsSpringer Journals

Published: Oct 20, 2003

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