English, Article, Journal or magazine article edition: Research Joint Ventures in an International Economy Massimo Motta

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Bookmark: http://trove.nla.gov.au/version/112033
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Research Joint Ventures in an International Economy
Author
  • Massimo Motta
Physical Description
  • preprint
Notes
  • D'Aspremont and Jacquemin's (1988) model is extended to study alternative configurations of research agreements in a two--country integrated world economy. Under unambiguous conditions on spillovers we show that: 1) Allowing national firms to cooperate in R\&​D confers them an advantage over foreign rivals, an effect similar to R\&​D subsidies. 2) In a policy game, each government would allow national cooperative agreements. 3) Contrary to other trade policies which lead to a ``prisoners' dilemma'' result, welfare in both countries increases when they both allow R\&​D cooperation. 4) Welfare is even higher if a generalized (international) coalition is formed.
  • RePEc:upf:upfgen:147
Language
  • English
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