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Endogenous R&D Networks among Upstream Firms

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  • Dusanee Kesavayuth
  • Constantine Manasakis
  • Vasileios Zikos

Abstract

This paper studies the endogenous formation of R&D networks among upstream firms and the welfare implications thereof. Both under an upstream price setting and an upstream quantity setting, it is shown that the complete R&D network emerges in equilibrium but only if spillovers are sufficiently low. Yet, under a quantity setting, the complete network arises within a larger range of spillovers. In both cases, however, there is a potential conflict between private incentives for R&D collaboration and societal ones. We discuss policy measures that may help to steer firms towards a more socially desirable outcome. Copyright © 2014 John Wiley & Sons, Ltd.

Suggested Citation

  • Dusanee Kesavayuth & Constantine Manasakis & Vasileios Zikos, 2016. "Endogenous R&D Networks among Upstream Firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 37(2), pages 79-94, March.
    • Handle: RePEc:wly:mgtdec:v:37:y:2016:i:2:p:79-94
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    Cited by:

    1. Tran, Tat Thanh & Zikos, Vasileios, 2014. "Together at Last: The Endogenous Formation of Free Trade Agreements and International R&D Networks," MPRA Paper 66187, University Library of Munich, Germany.
    2. Tran, Tat Thanh & Zikos, Vasileios, 2017. "R&D networks among suppliers and manufacturers," Economic Modelling, Elsevier, vol. 60(C), pages 151-161.
    3. Emmanuel Petrakis & Nikolas Tsakas, 2018. "The effect of entry on R&D networks," RAND Journal of Economics, RAND Corporation, vol. 49(3), pages 706-750, September.
    4. Dusanee Kesavayuth & Sang-Ho Lee & Vasileios Zikos, 2018. "Merger and Innovation Incentives in a Differentiated Industry," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 25(2), pages 207-221, May.

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