Competing R&D joint ventures in Cournot oligopoly with spillovers

Antonio Tesoriere ()

Journal of Economics, 2015, vol. 115, issue 3, 256 pages

Abstract: This paper considers competition between R&D cartels, whereby prospective Cournot competitors coordinate their R&D decisions in order to maximize joint profit. It studies how R&D activity, aggregate profit, consumer surplus, and social welfare vary as the number of competing cartels varies. It also compares equilibrium with second best R&D, and discusses the policy implications of the results. The results show that the effects of R&D cartel competition depend on the welfare criterion adopted and on whether there are cooperative synergies or not. Copyright Springer-Verlag Wien 2015

Keywords: R&D cartel competition; R&D spillovers; R&D policy; Endogenous asymmetry; L13; L24; L41 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:115:y:2015:i:3:p:231-256

DOI: 10.1007/s00712-014-0417-1

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