Computational Results on Membership in R&D Cooperation Networks: To Be or Not To Be in a Research Joint Venture

Duarte Semedo Leite, Pedro Campos () and Isabel Mota
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Pedro Campos: LIAAD – INESC, LA, Faculdade de Economia do Porto, Universidade do Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: In this study, we analyze firms’ membership in R&D (Research and Development) cooperation networks. Our main research hypothesis is that the membership in cooperation networks is related to the degree of the knowledge spillover. The approach focus on both cost symmetry and cost asymmetry. For that purpose, our work is developed in two tasks: we first develop an analytical model with three stages: in the first, firms decide whether to participate in a cooperative research network; in the second they simultaneously choose the level of R&D output, and finally firms choose the level of output through Cournot competition under both cost symmetry and cost asymmetry. Then we proceed with computational simulations in order to verify our hypothesis. From our results, we were able to conclude that cooperation leads to an improvement on RJV firms’ position in the market as it allows them to produce more than others with the same production conditions. Additionally, cooperating firms have to spend fewer resources on research, which turns the network a tremendous success on the productive efficiency level.

Keywords: R&D; networks; spillover; simulation; RJV (search for similar items in EconPapers)
JEL-codes: C63 D85 L24 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2011-07
New Economics Papers: this item is included in nep-cmp, nep-com, nep-ino, nep-net and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:420

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