O'Sullivan, Paul (2014) R&D Leadership and Research Joint Ventures. Maynooth University. (Unpublished)

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Abstract

This paper examines the effect of R&D leadership on Research Joint Venture formation. If firms compete in R&D, there is a first (second)-mover advantage, when spillovers are relatively low (high). RJV profits exceed those of R&D leadership, except for a very narrow range of low unit R&D costs and spillovers. For a leader, preventing follower activity is only profitable if unit R&D costs and spillovers are relatively low. If unit R&D costs are sufficiently low, preventing the follower from becoming active may be welfare dominant but not profit maximizing, possibly justifying a role for government policy to subsidise R&D investment.

Item Type:	Other
Additional Information:	Thanks to Dermot Leahy and J. Peter Neary for helpful comments and suggestions and to seminar participants at NUI Maynooth, the European Doctoral Group in Economics Jamboree, and the Irish Economic Association Annual Conference. Any remaining errors are solely those of the author.
Keywords:	R&D Leadership; Research Joint Ventures;
Academic Unit:	Faculty of Social Sciences > Economics, Finance and Accounting
Item ID:	5334
Depositing User:	Ms Sandra Doherty
Date Deposited:	02 Sep 2014 14:21
Publisher:	Maynooth University
URI:
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

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