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http://hdl.handle.net/10419/24278
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| Title: | | R&D cooperation and R&D intensity: theory and micro-econometric evidence for german manufacturing industries  |
| Authors: | | Kaiser, Ulrich Licht, Georg |
| Issue Date: | | 1998 |
| Series/Report no.: | | ZEW Discussion Papers 98-32 |
| Abstract: | | This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition. In the first stage, firms decide whether or not to conduct R&D in cooperation with other firms. In the second stage the level of R&D investment is determined. Finally, firms compete in a Cournot?oligopoly product market. While earlier models on R&D cooperation only considered process innovation, the model presented here also takes product innovation into account. It is shown that the optimal R&D investment has virtually the same structure for both process and product innovation. The main hypothesis of our theoretical model are tested in the empirical part of this paper. |
| Subjects: | | R&D cooperation R&D intensity spillovers nested logit model Minimum Distance Estimator |
| JEL: | | C24 L13 C25 O31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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