Spatial competition, strategic R&D and the structure of innovation networks

Shixun Wang and Lihong Yang

Journal of Business Research, 2022, vol. 139, issue C, 13-31

Abstract: We provide a network game to analyze the innovation network structure by incorporating endogenous R&D spillovers and diffusion effects, reconciling the limited types of innovation alliance in practice. In our network model, enterprises can actively choose to invest in R&D or establish links with others to absorb R&D spillovers. We characterize the network structure of enterprises' strategic R&D decisions in different types of spatial equilibrium. We further extend the theoretical framework to generate industry-specific implications under cooperative R&D, location choice, spatial agglomeration, and social capital allocation in innovation networks.

Keywords: Innovation networks; Spillover; Strategic R&D; Diffusion; Spatial equilibrium (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:139:y:2022:i:c:p:13-31

DOI: 10.1016/j.jbusres.2021.09.037

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