Title
Voluntary R&D cooperation in experimental duopoly markets Voluntary R&D cooperation in experimental duopoly markets
Author
Faculty/Department
Faculty of Applied Economics
Publication type
report
Publication
Antwerp :UA, [*]
Source (series)
Research paper / UA, Faculty of Applied Economics UFSIA-RUCA ; 2003:029
Volume/pages
19 p.,
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
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.
Handle