R&D investments under endogenous cluster formation

被引：2

作者：

Dawid, Herbert ^{[1
,2
]}

Hellmann, Tim ^{[3
]}

机构：

[1] Bielefeld Univ, Dept Business Adm & Econ, POB 100131, D-33501 Bielefeld, Germany

[2] Bielefeld Univ, Ctr Math Econ, POB 100131, D-33501 Bielefeld, Germany

[3] Univ Southampton, Dept Econ, Highfield Campus, Southampton SO17 1BJ, Hants, England

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2020年 / 174卷

关键词：

R&D; Cluster formation; Oligopoly; RESEARCH JOINT VENTURES; DEVELOPMENT COOPERATION; EFFICIENCY; FIRM; COLLABORATION; EXPENDITURES; CAPABILITIES; TOURNAMENTS; SPILLOVERS; INNOVATION;

D O I：

10.1016/j.jebo.2020.03.039

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We provide an innovative theory-based explanation for the positive relationship between firms' R&D intensity and their degree of R&D cooperation. We show that, when oligopolistic firms decide on long-term R&D investment before forming research clusters among competitors, investment incentives are increased by the desire to become a member of an attractive cluster. This can result in over-investment compared to the welfare optimum and compared to a scenario where research clusters are ex-ante fixed. Thereby, as a theoretical contribution, we fully characterize the equilibria of the unanimity game on cluster formation with heterogeneous firms. (C) 2020 Elsevier B.V. All rights reserved.

引用

页码：253 / 283

页数：31

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