The gains from cooperative R&D with a concave technology and spillovers

Luca Lambertini () and G. Rossini

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: We reassess the respective gains from R&D cooperation and competition in a Cournot Duopoly with homogeneous goods, where firms adopt a concave cost-reducing R&D technology. Contrary to the previous literature on the same topic, our main results are that (i) no corner solutions emerge and (ii) cooperation, in the form of either a cartel or a joint venture, is always profitable for firms and (iii) socially superior to independent ventures, provided that spillovers are sufficiently high.

Date: 2004
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Related works:
Journal Article: THE GAINS FROM COOPERATIVE R&D WITH A CONCAVE TECHNOLOGY AND SPILLOVERS (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:508

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