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Endogenous spillovers in a non‐tournament R&D duopoly under uncertainty

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  • Yanfang Zhang
  • Yuchang Ji
  • Qianwen Tan

Abstract

Including R&D risk, this paper considers the choices of R&D spillovers in a simple non‐tournament cost‐reducing R&D duopoly game with Bertrand competition. It turns out that the two firms never disclose any of their R&D information when considering their R&D non‐cooperatively. However, if the firms decide their R&D cooperatively, we show, though they would always fully share their information when the risk of R&D is low, they would not disclose any of their R&D information when the market competition is fierce, the R&D risk is high and the R&D is efficient.

Suggested Citation

  • Yanfang Zhang & Yuchang Ji & Qianwen Tan, 2023. "Endogenous spillovers in a non‐tournament R&D duopoly under uncertainty," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 208-214, January.
    • Handle: RePEc:wly:mgtdec:v:44:y:2023:i:1:p:208-214
    DOI: 10.1002/mde.3675
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    References listed on IDEAS

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