Product R&D Coopetition and Firm Performance

被引:3
作者
Ramsza, Michal [1 ]
Karbowski, Adam [2 ]
机构
[1] Warsaw Sch Econ, Dept Math & Math Econ, Warsaw, Poland
[2] Warsaw Sch Econ, Dept Business Econ, Warsaw, Poland
关键词
Product R&D; R&D investments; bargaining; firm performance; RESEARCH JOINT VENTURES; DEVELOPMENT COOPERATION; INNOVATION; COMPETITION; SPILLOVERS; COMPLEMENTARITY; DETERMINANTS; DUOPOLY; SUCCESS; CHOICE;
D O I
10.1515/bejte-2018-0141
中图分类号
F [经济];
学科分类号
02 ;
摘要
We investigate firms' behavior in demand-enhancing product R&D. We consider and compare a cooperative and non-cooperative R&D investment setting by firms. In a non-cooperative scenario (R&D competition), firms decide on their R&D investments and outputs unilaterally. In a cooperative scenario (R&D coopetition), firms engage in a bargaining process to reach a binding R&D agreement. Firms through bargaining can reach an R&D agreement which specifies their R&D investment levels. The investment levels under R&D coopetition are higher compared with the investment levels under R&D competition. Firms' profits are also higher under R&D coopetition compared with R&D competition. We conclude that R&D coopetition can alleviate the individual R&D investment disincentive and work as a strategic instrument that enhances product innovation and firms' profits.
引用
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页数:9
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