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Title
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Voluntary R&D cooperation in experimental duopoly markets
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Author
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Abstract
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| In the paper I examine in an experiment whether for two different levels of technological spillovers, cooperative R&D behavior voluntarily arises when firms have communication possibilities. It is assumed that in the output market, firms compete `a la Cournot. Experimental results indicate that when technological spillovers are complete and subjects communicate, R&D decisions converge to the cooperative level, while in other cases R&D decisions converge towards the Nash equilibrium. |
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Language
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English
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Source (series)
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Research paper / UA, Faculty of Applied Economics UFSIA-RUCA ; 2003:029
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Publication
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Antwerp
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UA
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2003
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Volume/pages
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19 p.
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Full text (open access)
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