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Title:R&D cooperation and R&D intensity: theory and micro-econometric evidence for german manufacturing industries PDF Logo
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:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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