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R&D rivalry Vs R&D cooperation under uncertainty

Author

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  • John BEATH

    (Bristol University)

  • Yannis KATSOULACOS

    (Liverpool University)

  • David ULPH

    (Bristol University)

Abstract

We consider whether or not R&D expenditures will be greater or less under a research joint venture (RJV) than under R&D competition and whether or not firms will always find the former preferable to the latter. With imitation difficult, the answer to the latter question depends on the relative strength of conflicting forces : whilst cooperation will increase expected payoffs through a positive “coordination effect” it will also intensify the competition faced by the innovator in the product market by enabling firms to gain access to the most recent technology. With imitation easy, on the other hand, firms will always prefer an RJV to R&D competition.

Suggested Citation

  • John BEATH & Yannis KATSOULACOS & David ULPH, 1988. "R&D rivalry Vs R&D cooperation under uncertainty," Discussion Papers (REL - Recherches Economiques de Louvain) 1988041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1988041
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    Cited by:

    1. De Bondt, Raymond, 1997. "Spillovers and innovative activities," International Journal of Industrial Organization, Elsevier, vol. 15(1), pages 1-28, February.
    2. Sudipto Bhattacharya & Claude d’Aspremont & Sergei Guriev & Debapriya Sen & Yair Tauman, 2014. "Cooperation in R&D: Patenting, Licensing, and Contracting," International Series in Operations Research & Management Science, in: Kalyan Chatterjee & William Samuelson (ed.), Game Theory and Business Applications, edition 2, chapter 0, pages 265-286, Springer.
    3. Marie-Laure Cabon-Dhersin & Shyama Ramani, 2005. "Does trust matter for R&D cooperation? A game theoretic examination," Theory and Decision, Springer, vol. 57(2), pages 143-180, March.
    4. Hauenschild, Nils, 2003. "On the role of input and output spillovers when R&D projects are risky," International Journal of Industrial Organization, Elsevier, vol. 21(8), pages 1065-1089, October.
    5. Kaiser, Ulrich, 2000. "Research Cooperation and Research Expenditures with Endogenous Absorptive Capacity: Theory and Microeconometric Evidence for the German Service Sector," ZEW Discussion Papers 00-25, ZEW - Leibniz Centre for European Economic Research.

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