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We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...
Persistent link: https://www.econbiz.de/10011257192
production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as … between spillovers, R&D efforts, and surpluses is non-monotonic and dependent on both the relative and absolute efficiency of … firms. Larger spillovers increase the likelihood that a new technology is brought to production, but they do not necessarily …
Persistent link: https://www.econbiz.de/10011265234
We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...
Persistent link: https://www.econbiz.de/10011256291
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of...
Persistent link: https://www.econbiz.de/10011257110
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of...
Persistent link: https://www.econbiz.de/10005144414
firms when technological spillovers are present. The game involves two stages in which student sellers first make investment …
Persistent link: https://www.econbiz.de/10005504934
technological spillovers are present. The game involves two stages in which student sellers first make investment decisions then …
Persistent link: https://www.econbiz.de/10011256994
We present an equilibrium-search model with heterogenous workers whosearch for a job in one of two sectors and who lose part of theirskills during unemployment. We show that an import tariff increasethe wage and the employment prospects in the protected sector. Thisresults in a labor market...
Persistent link: https://www.econbiz.de/10011257655
We present an equilibrium-search model with heterogenous workers who search for a job in one of two sectors and who lose part of their skills during unemployment. We show that an import tariff increase the wage and the employment prospects in the protected sector. This results in a labor market...
Persistent link: https://www.econbiz.de/10005136869
Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel of...
Persistent link: https://www.econbiz.de/10011257098