R&D cooperation and R&D intensity: theory and micro-econometric evidence for german manufacturing industries

No 98-32, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

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.

Keywords: R&D cooperation; R&D intensity; spillovers; nested logit model; Minimum Distance Estimator (search for similar items in EconPapers)
JEL-codes: C24 C25 L13 O31 (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:5206

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