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Union structure and firms incentives for cooperative R&D investments

Constantine Manasakis () and Emmanuel Petrakis ()

No 508, Working Papers from University of Crete, Department of Economics

Abstract: We examine how different unionisation structures and the spillovers of R&D activities affect R&D investments and firms’ incentives to form a Research Joint Venture. We find that whenever firms invest non-cooperatively, an industry union increases R&D investments, if industry specific spillovers are low. In case of a Research Joint Venture, investments are always higher under firm-level unions. We also find that firms’ incentives to form a Research Joint Venture are stronger when they face an industry union, if spillovers are low. Rigidities in the labour market, such as high unemployment benefits or/and a central union, have negative effects on employment, output and profits and hinder the diffusion of the efficiency created by a RJV to consumers and employees. Integrated labour market and R&D policies are also discussed.

Keywords: Trade Unions; Oligopoly; Process Innovations (search for similar items in EconPapers)
JEL-codes: J51 L13 O31 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2004-10
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Related works:
Journal Article: Union structure and firms' incentives for cooperative R&D investments (2009) Downloads
Journal Article: Union structure and firms' incentives for cooperative R&D investments (2009) Downloads
Working Paper: Union Structure and Firms Incentives for Cooperative R&D Investments (2007) Downloads
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