R%D cooperation performance inside innovation clusters

B.G. Jean Jacques Iritié
Authors registered in the RePEc Author Service: Jean Jacques Iritié ()

International Journal of Computational Economics and Econometrics, 2021, vol. 11, issue 3, 222-251

Abstract: This paper theoretically analyses the effects of innovation cluster on R%D cooperation outcome in terms of private R%D investments. We develop a two-stage strategic R%D game with a duopoly in an innovation cluster. The two firms first conduct cooperatively their R%D decisions in a research joint venture (RJV) before competing in Cournot fashion on the market product. The results show that an innovation cluster improves private R%D investments and social welfare through informational incentives. Then, belonging to an innovation cluster strengthens the willingness to cooperate in R%D and partnership. However, the model also show that innovation clusters can lead to a risk of monopolisation of the market that could be extended even beyond cooperation; this risk thus makes it possible to relativise the expected positive effects of innovation cluster policy on R%D cooperation.

Keywords: innovation cluster; research joint venture; RJV; localised knowledge spillovers; LKS; informational incentives; R%D cooperation performance. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcome:v:11:y:2021:i:3:p:222-251

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