R&D spillovers and information exchange: a case study

Klaus Kultti (klaus.kultti@helsinki.fi), Tuomas Takalo and Tanja Tanayama

Eurasian Economic Review, 2015, vol. 5, issue 1, 63-76

Abstract: R&D spillovers can be viewed to arise as a result of a voluntary information exchange between firms. In this paper we extend this theory of R&D spillovers to a context where the spillover effect is on R&D dollars and occurs in a vertical relationship. We show how the exchange of information is more likely to take place in industries with a more extensive product differentiation. Our model predicts that the maximum incentives to exchange information can be found from the vertically related industries. Finally, we present a historical case study on an information-exchange agreement between Micronas and Micro Power Systems so as to support the predictions of the model. Copyright Eurasia Business and Economics Society 2015

Keywords: R&D; Spillovers; Information exchange; Product differentiation; O31; O32; O34; L15; L63 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s40822-015-0024-7

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