The impact of spillovers on strategic R&D under uncertainty

Mingqing Xing

Economic Research-Ekonomska Istraživanja, 2018, vol. 31, issue 1, 428-439

Abstract: This study examines the impact of technological spillovers on competitive and cooperative R&D investments under uncertainty. It assumes that the innovation size is given and an increase in R&D expenditure increases the probability of success. It focuses on the symmetric equilibrium and finds that: (i) the equilibrium R&D expenditure under R&D competition (resp. R&D cooperation) may increase (resp. decrease) with the degree of spillovers if the spillovers are sufficiently small, the innovation size is big enough and the probability of success is high (resp. low) enough; (ii) under R&D competition the privately optimal R&D expenditure may overshoot the social optimum if the spillovers are sufficiently small; (iii) under R&D cooperation the private optimum is socially insufficient regardless of the size of spillovers.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2018.1432373 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:reroxx:v:31:y:2018:i:1:p:428-439

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2018.1432373

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().