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Intensity of R&D competition and the generation of innovations in heterogeneous setting
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 3603378
Author(s) Bondarev, Anton
Author(s) at UniBasel Bondarev, Anton
Year 2016
Title Intensity of R&D competition and the generation of innovations in heterogeneous setting
Journal Journal of evolutionary economics
Volume 26
Number 3
Pages / Article-Number 621-653
Abstract This paper discusses the role of technological spillovers and technological races in dynamic strategic interactions setup. Two firms invest simultaneously into new products creation and into further development of the quality of these products. Each firm may benefit from the costless technological spillover in case of technological leadership of the other firm. At the same time they cooperate in the joint creation of new products. Three different scenarios emerge: constant technological leadership, the technological leapfrogging and symmetric outcome with or without potential spillovers. R&D is maximal for the first scenario and minimal for the symmetric play under the threat of spillover with endogenous specialization of firms’ activities in cases of constant leadership and leapfrogging. Definition of technological competition intensity as inverse to the technology gap allows to recover inverted-U relationship between those two in a multidimensional context.
Publisher Springer
ISSN/ISBN 0936-9937 ; 1432-1386
edoc-URL http://edoc.unibas.ch/44028/
Full Text on edoc No
Digital Object Identifier DOI 10.1007/s00191-016-0457-5
ISI-Number WOS:000379161400007
Document type (ISI) Article
 
   

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