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Cooperative and Noncooperative R&D in Vertically Related Markets

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Authors
Wang, X. Henry; Yang, Bill Z.
Issue Date
2002
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 15 (No. 3 2002): 423-436
Keywords
Cooperative R&D; Vertical Market; Noncooperative
Abstract
This paper compare s R&D cooperation and R&D competition in a vertical market structure with an intermediate good producer and a final good producer. It is shown that cooperative R&D generates more R&D efforts, higher output and lower consumer price than non-cooperative R&D in a vertically related market.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1272
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.15(3) (Fall 2002)
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