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Title: Endogenous R and D Networks among Upstream Firms
Authors: Kesavayuth, Dusanee 
Zikos, Vasileios 
Issue Date: 2016
Publisher: Scopus
University of the Thai Chamber of Commerce
Source: Dusanee Kesavayuth, Vasileios Zikos (2016) Endogenous R and D Networks among Upstream Firms. Managerial and Decision Economics Vol.37 No.2, 79-94.
Abstract: This paper studies the endogenous formation of R& networks among upstream firms and the welfare implications thereof. Both under an upstream price setting and an upstream quantity setting, it is shown that the complete R& network emerges in equilibrium but only if spillovers are sufficiently low. Yet, under a quantity setting, the complete network arises within a larger range of spillovers. In both cases, however, there is a potential conflict between private incentives for R& collaboration and societal ones. We discuss policy measures that may help to steer firms towards a more socially desirable outcome.
Rights: This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Appears in Collections:RSO: Journal Articles

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