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R&D networks: theory, empirics and policy implications
- Publication Year :
- 2014
-
Abstract
- We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that maximizes total welfare. We also identify the key firms, i.e. the firms whose exit would reduce welfare the most. We then structurally estimate our model using a panel dataset of R&D collaborations and annual company reports. We use our estimates to identify the key firms and analyze the impact of R&D subsidy programs. Moreover, we analyze temporal changes in the rankings of key firms and how these changes affect the optimal R&D policy.
- Subjects :
- L24
Welt
jel:D85
optimal subsidies
ECON Department of Economics
Kooperation
Industrieforschung
10007 Department of Economics
R&D networks, key firms, optimal subsidies
jel:L24
ddc:330
key firms
R&D networks
Produktforschung
O33
Forschungskooperation
Wohlfahrtsanalyse
Forschung und Entwicklung
Nash-Gleichgewicht
330 Economics
Unternehmensnetzwerk
jel:O33
D85
Theorie
Forschungsfinanzierung
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Accession number :
- edsair.dedup.wf.001..50e62585c8d9cf7020184746b299822a