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On the fundamentals of research and ...

Wang, Li.

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On the fundamentals of research and development (R&D) spillovers in competitive markets.

Record Type:	Electronic resources : Monograph/item
Title/Author:	On the fundamentals of research and development (R&D) spillovers in competitive markets./
Author:	Wang, Li.
Description:	63 p.
Notes:	Source: Dissertation Abstracts International, Volume: 64-10, Section: A, page: 3788.
Contained By:	Dissertation Abstracts International64-10A.
Subject:	Economics, Theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3110378

On the fundamentals of research and development (R&D) spillovers in competitive markets.
Wang, Li.

On the fundamentals of research and development (R&D) spillovers in competitive markets. - 63 p.

Source: Dissertation Abstracts International, Volume: 64-10, Section: A, page: 3788.

Thesis (Ph.D.)--Florida International University, 2003.

Rivals may voluntarily share Research and Development (R&D) results even in the absence of any binding agreements or collusion. In a model where rival firms engage in non-cooperative independent R&D process, we used optimization and game theory analysis to study the equilibrium strategy of the firms. Our work showed that, while minimal spillover is always equilibrium, there may be another equilibrium where firms may reciprocally choose high, sometimes perfect, spillover rates. The incentive for sharing R&D output is based on firms' expectations of learning from their rivals' R&D progress in the future. This leads to strategic complementarities between the firms' choices of spillover rates and thus policy implication follows.Subjects--Topical Terms:

1017575
Economics, Theory.

On the fundamentals of research and development (R&D) spillovers in competitive markets.
LDR:01992nmm 2200265 4500 001 1861035
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035 $a (UnM)AAI3110378
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040 $a UnM $c UnM
100 1 $a Wang, Li. $3 1278373
245 1 0 $a On the fundamentals of research and development (R&D) spillovers in competitive markets.
300 $a 63 p.
500 $a Source: Dissertation Abstracts International, Volume: 64-10, Section: A, page: 3788.
500 $a Major Professor: Santanu Roy.
502 $a Thesis (Ph.D.)--Florida International University, 2003.
520 $a Rivals may voluntarily share Research and Development (R&D) results even in the absence of any binding agreements or collusion. In a model where rival firms engage in non-cooperative independent R&D process, we used optimization and game theory analysis to study the equilibrium strategy of the firms. Our work showed that, while minimal spillover is always equilibrium, there may be another equilibrium where firms may reciprocally choose high, sometimes perfect, spillover rates. The incentive for sharing R&D output is based on firms' expectations of learning from their rivals' R&D progress in the future. This leads to strategic complementarities between the firms' choices of spillover rates and thus policy implication follows.
520 $a Public research agencies can contribute more to social welfare by providing research as public goods. In a non-cooperative public-private research relationship where parallel R&D is conducted, by making its R&D results accessible, the public research agency can stimulate private spillovers, even if there exists rivalry among the private firms who can benefit from such spillovers.
590 $a School code: 1023.
650 4 $a Economics, Theory. $3 1017575
690 $a 0511
710 2 0 $a Florida International University. $3 718935
773 0 $t Dissertation Abstracts International $g 64-10A.
790 1 0 $a Roy, Santanu, $e advisor
790 $a 1023
791 $a Ph.D.
792 $a 2003
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3110378