Monopoly versus R&D-integrated Duopoly

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 available from this repository)

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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.

Item Type: Article
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
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