International and National R& Networks in Unionized Oligopoly
University of the Thai Chamber of Commerce. Research Support Office
We study the endogenous formation of R& networks between two domestic and one foreign firms in a unionized oligopoly. We find that the equilibrium networks are sensitive to the extent of knowledge spillovers between networked firms. If spillovers are sufficiently low, the complete network will arise in equilibrium; however, if spillovers are sufficiently high, the foreign partialnetwork that includes a domestic and a foreign firm will arise. Moreover, for intermediate spillovers, no equilibrium network emerges. These results have implications for aggregate outcomes: equilibrium networks are not necessarily optimal in terms of aggregate effective R& and aggregate firm profits
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University of the Thai Chamber of Commerce
Dusanee Kesavayuth, Vasileios Zikos (2013) International and National R& Networks in Unionized Oligopoly. International and National R& Networks in Unionized Oligopoly Vol.27 No.1, 18-37.