INNOVATION ACTIVITY IN A MIXED OLIGOPOLY: THE ROLE OF CO-OPERATIVES

Konstantinos Giannakas () and Murray E. Fulton

No 19771, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper develops a sequential game theoretic model of heterogeneous producers to examine the effect of co-operative involvement on innovation activity in the agricultural input-supplying sector. Analytical results show that the co-operative involvement in R&D can be welfare enhancing and, thus, socially desirable. The presence of the co-op can increase the arrival rate of innovations and productivity growth while reducing the prices of agricultural inputs. The effectiveness of the co-op is determined by the size of R&D costs.

Keywords: Agribusiness; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 38
Date: 2002
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19771

DOI: 10.22004/ag.econ.19771

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