Joint ventures in patent contests with spillovers and the role of strategic budgeting

Jost, Peter‐J.

doi:10.1016/j.jeconbus.2011.05.003

Cited by 2 publications

(1 citation statement)

References 46 publications

(47 reference statements)

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“…Jirjahn (2007) takes German intensive firms as samples and finds through empirical analysis that R&D intensive firms make less use of the R&D spillovers of their competitors. Jost (2011) extends to multiple firms and studies the impact of technology spillovers on firm competition. Silipo (2005) reveals the incentive effect of technology spillovers on R&D cooperation between firms.…”

Section: Literature Interviewmentioning

confidence: 99%

R&D subsidy and output subsidy in a duopoly: The role of technology spillover and R&D budget

Gao

Wang

et al. 2023

Australian Economic Papers

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Technology spillover and research and development (R&D) budget are relevant on government subsidies that aim at improving social welfare through enhancing R&D incentives of firms. However, there has not been related literature considering these two factors. To fill this gap, this paper examines the effect of technology spillover and R&D budget on R&D competition of duopolistic firms and government subsidies by constructing a game‐theoretic model. We find that while each firm's profit sometimes increases with R&D budget for low coefficient of technology spillover, this profit may decrease with R&D budget for high coefficient of technology spillover due to the intensified R&D competition. We show that when both R&D budget and the coefficient of technology spillover remain high, R&D subsidy leads to higher social welfare than output subsidy and otherwise R&D subsidy results in lower social welfare.

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Section: Literature Interviewmentioning

confidence: 99%

R&D subsidy and output subsidy in a duopoly: The role of technology spillover and R&D budget

Gao

Wang

et al. 2023

Australian Economic Papers

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Analysis of Different R&D Co‐Competition Modes of Asymmetric Duopoly Enterprises under the Uncertainty of R&D Success

Song,

Sang,

Wang

et al. 2024

Discrete Dynamics in Nature and Society

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The collaborative R&D of new products between enterprises is prone to the “free‐rider effect” due to knowledge spillover. To avoid that, this paper establishes a three‐stage dynamic game to explore the collaborative R&D co‐competition behavior between asymmetric horizontal supplier enterprises. In this paper, we incorporate the uncertainty of R&D success probability into the model and reverse induction is applied to solve it. In the model, two asymmetric enterprises play dynamic games under three modes: complete noncooperation, semicooperation, and complete cooperation. We discuss the sensitivity of various asymmetric factors to the R&D investment level and profit of enterprises. The results indicate that the R&D investment level of supplier enterprises is positively correlated with the absorptive capacity, technology spillover, and R&D success probability, and negatively correlated with the initial R&D investment and innovation efficiency under the three co‐competition modes. Especially, when the absorptive capacity of the enterprise or the degree of technological spillover of the other party exceeds a certain value, the profits of the enterprise in the mode of complete noncooperation and semicooperation will intersect, which can easily lead to “free‐riding” behavior. It provides a decision‐making basis for the direction and extent of enterprises’ R&D efforts. In addition, some methods are proposed to improve the level of R&D investment and increase the income of enterprises under three modes.

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Joint ventures in patent contests with spillovers and the role of strategic budgeting

Cited by 2 publications

References 46 publications

R&D subsidy and output subsidy in a duopoly: The role of technology spillover and R&D budget

R&D subsidy and output subsidy in a duopoly: The role of technology spillover and R&D budget

Analysis of Different R&D Co‐Competition Modes of Asymmetric Duopoly Enterprises under the Uncertainty of R&D Success

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