Collaboration in R&D: an assessment of theoretical and empirical findings
Article Abstract:
Increased competition in international markets due to globalization and technological innovation has driven firms to turn to alliances with other firms and competitors in order to better their operations. Cooperation affords firms with advantages such as risk sharing, government subsidies, and access to competitor information but also poses problems in terms of start-up costs, coordination difficulties, and information control. Firms can more efficiently engage in R and D activities through provisions such as incentive compatible contracts, longitudinal relationship buildings, and proper partner selection.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Competition and innovation
Article Abstract:
Use of the Hotelling beach model of research and development (R and D) cleared up some issues on the relation between the factors of competition and innovation in industrial organization. Results revealed that economical R and D methods led to increased competition and more research investments. Market leaders were also shown to be able to use increased levels of competition to their favor by being able to invest more in R and D than competitors.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Financial structure: theories and stylized facts for six EU countries
Article Abstract:
An analysis of the credit to firms and households in Europe reveals that indirect credit markets with banks as major players are more important than direct credit markets. moreover, the study also reveals that debt maturity is the most striking financial structure difference among European countries compared with regulatory rules, capital structure, agency theory and financial intermediation.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Equilibrium real exchange rates: closed-form theoretical solutions and some empirical evidence. Real exchange rates under the gold standard: can they be explained by the trend break model?
- Abstracts: Equilibrium real exchange rates: closed-form theoretical solutions and some empirical evidence. part 2 Common stochastic trends between forward and spot exchange rates
- Abstracts: Earnings management and the performance of seasoned equity offerings. The exercise and valuation of executive stock options
- Abstracts: Pricing and access under national competition policy: the case of the natural gas pipeline sector. Fiscal policy in Australia and Southeast Asia: an overview
- Abstracts: Inflation, unemployment and the NAIRU in Australia. Exchange Rates and Capital Controls. Theoretical Issues in Exchange Rate Determination