Chapter 5 Strategic R&D with Uncertainty

Jeroen Hinloopen

A chapter in The Economics of Innovation, 2008, pp 99-111 from Emerald Group Publishing Limited

Abstract: Uncertainty is introduced into a model of strategic R&D. The formation of an R&D cooperative increases the success rate of R&D. This increase in the R&D success rate can be reinterpreted as the realization of scope economies due to cooperation. It appears that within this setting the range of technological spillovers increases for which the formation of R&D cooperatives is beneficial to society. They are always beneficial if economies of scope are large. Absent the realization of economies of scope the traditional result apply in that the technological spillover should exceed some threshold value for R&D cooperatives to be desirable. If the economies of scope are intermediate this threshold value is lowered.

Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.101 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.101 ... d&utm_campaign=repec (application/pdf)
https://www.emerald.com/insight/content/doi/10.101 ... 0573-8555(08)00205-8
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:eme:ceazzz:s0573-8555(08)00205-8

DOI: 10.1016/S0573-8555(08)00205-8

Access Statistics for this chapter

More chapters in Contributions to Economic Analysis from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().