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- W2007665268 abstract "This paper examines research and development (R&D) investment spillovers across different market structures. In particular, we extend the recent work in Matsumura et al. (2013) to incorporate R&D investment spillovers. When the market is a duopoly, noncooperative (cooperative) R&D investment is preferred for small (large) spillovers of less (more) than half. We show that as a market structure becomes more competitive, noncooperative R&D investment is more likely to be preferred. Moreover, noncooperative R&D is not always decreasing with the intensity of competition, even though it is ultimately zero with perfect competition. Our theoretical results fit well with existing empirical findings." @default.
- W2007665268 created "2016-06-24" @default.
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- W2007665268 date "2014-12-01" @default.
- W2007665268 modified "2023-09-27" @default.
- W2007665268 title "Market structure and R&D investment spillovers" @default.
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- W2007665268 doi "https://doi.org/10.1016/j.econmod.2014.08.014" @default.
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