Monopoly versus Ramp;D-integrated duopoly

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

doi:10.1111/1467-9957.00285

Monopoly versus Ramp;D-integrated duopoly

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

Research output: Contribution to journal › Article

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 language	English
Pages (from-to)	88-100
Number of pages	13
Journal	Manchester School
Volume	70
Issue number	1
DOIs	https://doi.org/10.1111/1467-9957.00285
Publication status	Published - 2002
Externally published	Yes

Access to Document

10.1111/1467-9957.00285

Fingerprint Dive into the research topics of 'Monopoly versus Ramp;D-integrated duopoly'. Together they form a unique fingerprint.

Cite this

@article{393c504012e449f98a241579329396e8,

title = "Monopoly versus Ramp;D-integrated duopoly",

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.",

author = "R. Amir and N. Nannerup and A. Stepanova and E. Eguiazarova",

year = "2002",

doi = "10.1111/1467-9957.00285",

language = "English",

volume = "70",

pages = "88--100",

journal = "Manchester School",

issn = "1463-6786",

publisher = "Wiley",

number = "1",

}

TY - JOUR

T1 - Monopoly versus Ramp;D-integrated duopoly

AU - Amir, R.

AU - Nannerup, N.

AU - Stepanova, A.

AU - Eguiazarova, E.

PY - 2002

Y1 - 2002

N2 - 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.

AB - 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.

U2 - 10.1111/1467-9957.00285

DO - 10.1111/1467-9957.00285

M3 - Article

VL - 70

SP - 88

EP - 100

JO - Manchester School

JF - Manchester School

SN - 1463-6786

IS - 1

ER -