Amir, Rabah and Nannerup, Niels and Stepanova, Anna and Eguiazarova, Eline (2002) Monopoly versus R&D-integrated Duopoly. The Manchester School, 70 (1). pp. 88-100. ISSN 1463-6786.
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In the standard two-stage framework of R&D/product market competition, this paper provides a performance comparison between monopoly and the cartelized research joint venture, using two well-known models based on different versions of the R&D spillover process. According to the model with a wider scope of application, monopoly always leads to a higher propensity for R&D and, when R&D costs are low, to the best overall market performance. The results also allow for a comparison between the two underlying models of strategic R&D.
|Subjects:||H Social Sciences > HB Economic Theory|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||Anna Stepanova|
|Date Deposited:||09 Mar 2009 23:55|
|Last Modified:||14 Jan 2010 14:26|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/7180 (The current URI for this page, for reference purposes)|
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