R&D network formation with myopic and farsighted firms

Ana Mauleon, Jose J. Sempere-Monerris and Vincent Vannetelbosch

Journal of Economic Behavior & Organization, 2023, vol. 208, issue C, 203-229

Abstract: We study the formation of R&D networks when firms can be either myopic or farsighted. Stability leads to R&D networks consisting of either asymmetric components or nearly symmetric components. Farsighted firms have in average more collaborations but myopic firms can be central for spreading the innovation. We introduce yes-firms that form links subject to the constraint of non-negative profits. Yes-firms stabilize R&D networks that maximize social welfare. Finally, the evolution of R&D networks shows that nearly symmetric R&D networks will be rapidly dismantled, socially optimal R&D networks will persist many periods, while asymmetric R&D networks will persist forever.

Keywords: Networks; R&D collaborations; Oligopoly; Myopia; Farsightedness (search for similar items in EconPapers)
JEL-codes: C70 L13 L20 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: R&D network formation with myopic and farsighted firms (2023)
Working Paper: R&D network formation with myopic and farsighted firms (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:208:y:2023:i:c:p:203-229

DOI: 10.1016/j.jebo.2023.02.012

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