Monopoly versus Ramp;D-integrated duopoly

R. Amir, N. Nannerup, A. Stepanova, E. Eguiazarova

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)88-100
Number of pages13
JournalManchester School
Volume70
Issue number1
DOIs
Publication statusPublished - 2002
Externally publishedYes

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