Spillovers from publicly financed R&D capital in high-tech industries
Article Abstract:
The presence and magnitude of publicly funded research and development (R&D) spillover and its effect on the profitability and cost structure of six high technology industries were examined through a dynamic production model. It was believed that the significance of the publicly financed R&D capital in increasing the private sector's technological innovation and welfare was often neglected. It was discovered that the spillover from the R&D amplified the productivity of the industries and induced the reduction of variable costs.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 1999
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Strategic spillovers in patent races
Article Abstract:
An analysis of firm disclosure of industrial research (R&D) findings by their laboratories is presented. The analysis examines the possibility of incentives on the part of firms to divulge scientific knowledge to competing firms. It is shown that both firms will reveal such findings under non-cooperative equilibrium conditions of the two-firm disclosure game. In other cases, one firm selects to disclose while the other keeps R&D findings secret.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 1993
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Regulating innovative activity: the role of a public firm
Article Abstract:
An analysis of the impact of public firms on industrial research and development (R&D) is presented. The absence of spillovers and assumptions of a winner-take-all market generate overinvestment in R&D. The surplus investment is influenced by duplication of effort in a non-cooperative equilibrium. It is shown that public firms can assist policymakers in controlling such a problem.
Publication Name: International Journal of Industrial Organization
Subject: Business, international
ISSN: 0167-7187
Year: 1993
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