Innovative Output, Infra-Industry Spilloves, and R&D Cooperation: Theory and Evidence

Luca Lambertini (), Francesca Lotti and Enrico Santarelli

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: We analyse both the theoretical and empirical side of the issue of R&D spillover. Each firm`s R&D costs are increasing in the amount of the information transmitted to the other firms , and we account for the possibility that the firms control spillovers. We consider both Cournot-Nash and Cornot-Stackelberg behavior. The empirical analyst suggests that (i) firms` control on spillovers is relatively low; (ii) the cost-saving effect associated to joint ventures or R&D cartels is confermed for industries where firms rely mainly upon own R&D as a source of innovation; (iii) R&D cooperation may increase information sharing, thereby enhancing spillovers.

Date: 2000
New Economics Papers: this item is included in nep-ino and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:371

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