Amir, Rabah and Nannerup, Niels and Stepanova, Anna and Eguiazarova, Eline (2002) Monopoly versus R&D-integrated Duopoly. Manchester School, 70 (1). pp. 88-100. ISSN 1463-6786. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)
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:||15 Apr 2014 12:50|
|Resource URI:||https://kar.kent.ac.uk/id/eprint/7180 (The current URI for this page, for reference purposes)|