Cooperation in the Classroom: Experimenting with R&D Cooperatives

The authors describe a classroom experiment that illustrates the research and development investment incentives facing firms when technological spillovers are present. The game involves two stages in which student "sellers" first make investment decisions and then production decisions. The classroom game can be used to motivate discussions of research joint ventures, the free-rider problem, collusion, and antitrust policy regarding research and development.

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Year of publication:	2008
Authors:	Goeree, Michelle S. ; Hinloopen, Jeroen
Published in:	Journal of Economic Education. - Helen Dwight Reid Foundation, ISSN 0022-0485. - Vol. 39.2008, 4, p. 357-373
Publisher:	Helen Dwight Reid Foundation
Subject:	classroom games \| research and development \| research joint ventures \| technological spillovers

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Extent:	application/pdf
Type of publication:	Article
Classification:	C91 - Laboratory, Individual Behavior ; L13 - Oligopoly and Other Imperfect Markets ; L41 - Monopolization; Horizontal Anticompetitive Practices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005464556