Voluntary R&D cooperation in experimental duopoly markets

Sigrid Suetens

Working Papers from University of Antwerp, Faculty of Business and Economics

Abstract: In the paper I examine in an experiment whether for two different levels of technological spillovers, cooperative R&D behavior voluntarily arises when firms have communication possibilities. It is assumed that in the output market, firms compete `a la Cournot. Experimental results indicate that when technological spillovers are complete and subjects communicate, R&D decisions converge to the cooperative level, while in other cases R&D decisions converge towards the Nash equilibrium.

Keywords: R&D; Duopoly; Experiment (search for similar items in EconPapers)
JEL-codes: C90 L13 O31 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2003-08
New Economics Papers: this item is included in nep-com, nep-exp and nep-ind
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ant:wpaper:2003029

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