R&D Information sharing in a mixed duopoly and incentive subsidy for research joint venture competition

Sang-Ho Lee () and Timur Muminov

Bulletin of Economic Research, 2021, vol. 73, issue 2, 154-170

Abstract: This study investigates the incentives for R&D (research and development) information sharing in a mixed duopoly and finds a contrasting result that public firm chooses full sharing while private firm enjoys free‐riding. We then devise an agreement‐based incentive R&D subsidy scheme for RJV (research joint venture) competition, which can internalize R&D spillovers between firms and induce them to earn higher payoffs through full sharing of their R&D information. We also discuss welfare loss of the proposed R&D subsidy scheme, compare with production subsidy and provide some policy‐relevant implications on privatization.

Date: 2021
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https://doi.org/10.1111/boer.12239

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