R&D Tournaments with Spillovers

Haiwen Zhou

Atlantic Economic Journal, 2006, vol. 34, issue 3, 327-339

Abstract: This paper studies the influence of uncertainty and spillovers on a contestant's R&D spending. The relationship between market structure and R&D spending is shown to be sensitive to the form of uncertainty that characterizes the R&D process. When reward to the winner is endogenously determined by R&D spending, a contestant's R&D spending may increase with the degree of spillovers. Copyright IAES 2006

Keywords: R&D; spillover; tournament; uncertainty; Schumpeterian hypothesis; endogenous reward; L10; O31 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:34:y:2006:i:3:p:327-339

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DOI: 10.1007/s11293-006-9023-0

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