R&D network formation with myopic and farsighted firms

Ana Mauleon, Jose J. Sempere-Monerris and Vincent Vannetelbosch
Additional contact information
Vincent Vannetelbosch: Université catholique de Louvain, LIDAM/CORE, Belgium

No 3222, LIDAM Reprints CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We study the formation of R&D networks when firms can be either myopic or farsighted.Stability leads to R&D networks consisting of either asymmetric components or nearly symmetric components. Farsighted firms have in average more collaborations but myopic firms can be central for spreading the innovation. We introduce yes-firms that form links subject to the constraint of non-negative profits. Yes-firms stabilize R&D networks that maximize social welfare. Finally, the evolution of R&D networks shows that nearly symmetric R&D networks will be rapidly dismantled, socially optimal R&D networks will persist many periods, while asymmetric R&D networks will persist forever.

Keywords: Networks; R&D collaborations; Oligopoly; Myopia; Farsightedness (search for similar items in EconPapers)
JEL-codes: C70 L13 L20 (search for similar items in EconPapers)
Pages: 27
Date: 2023-02-10
Note: In: Journal of Economic Behavior and Organization, 2023, vol. 208, p. 203-229
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: R&D network formation with myopic and farsighted firms (2023)
Working Paper: R&D network formation with myopic and farsighted firms (2018)
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:cor:louvrp:3222

DOI: 10.1016/j.jebo.2023.02.012

Access Statistics for this paper

More papers in LIDAM Reprints CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) Voie du Roman Pays 34, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Alain GILLIS ().