Endogenous R&D Spillovers and Locational Choice

Claudio Piga and Joanna Poyago-Theotoky

No 310, CRIEFF Discussion Papers from Centre for Research into Industry, Enterprise, Finance and the Firm

Abstract: We present a three-stage game where two firms choose location, R&D and price, under the assumption that R&D spillovers depend on firms' location. That is, the closer firms are to each other, the greater the benefit they receive from their rivals' efforts in quality-enhancing R&D. We show that the distance between firms' location increases with the degree of product differentiation. Further, we find that minimal quality differentiation always occurs. Finally, investment in R&D is positively associated with the degree of product differentiation

Keywords: Endogenous spillovers; Quality-enhancing R&D; Location. (search for similar items in EconPapers)
JEL-codes: D43 L13 O30 R10 (search for similar items in EconPapers)
Date: 2003-10
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Journal Article: Endogenous R&D spillovers and locational choice (2005)
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