R&D Investments under Endogenous Cluster Formation

Dawid H, Hellmann T (2016) Center for Mathematical Economics Working Papers; 555.
Bielefeld: Center for Mathematical Economics.

Download
OA 509.67 KB
Working Paper | Published | English
Abstract
We study investments in R&D and the formation of R&D clusters of firms which are competitors in the market. In a three stage game, firms first decide on long-term R&D investment, then form research clusters according to the unanim- ity game introduced in Bloch(1995), and finally compete in quantities. For some range of investment costs, equilibria with no-investment co-exist with equilibria where a large fraction of firms invest in R&D. Because of the effects of R&D investment on cluster membership, firms tend to over-invest compared to a sce- nario where research clusters are ex-ante fixed and also compared to the welfare optimum.
Publishing Year
ISSN
PUB-ID

Cite this

Dawid H, Hellmann T. R&D Investments under Endogenous Cluster Formation. Center for Mathematical Economics Working Papers. Vol 555. Bielefeld: Center for Mathematical Economics; 2016.
Dawid, H., & Hellmann, T. (2016). R&D Investments under Endogenous Cluster Formation (Center for Mathematical Economics Working Papers, 555). Bielefeld: Center for Mathematical Economics.
Dawid, H., and Hellmann, T. (2016). R&D Investments under Endogenous Cluster Formation. Center for Mathematical Economics Working Papers, 555, Bielefeld: Center for Mathematical Economics.
Dawid, H., & Hellmann, T., 2016. R&D Investments under Endogenous Cluster Formation, Center for Mathematical Economics Working Papers, no.555, Bielefeld: Center for Mathematical Economics.
H. Dawid and T. Hellmann, R&D Investments under Endogenous Cluster Formation, Center for Mathematical Economics Working Papers, vol. 555, Bielefeld: Center for Mathematical Economics, 2016.
Dawid, H., Hellmann, T.: R&D Investments under Endogenous Cluster Formation. Center for Mathematical Economics Working Papers, 555. Center for Mathematical Economics, Bielefeld (2016).
Dawid, Herbert, and Hellmann, Tim. R&D Investments under Endogenous Cluster Formation. Bielefeld: Center for Mathematical Economics, 2016. Center for Mathematical Economics Working Papers. 555.
Main File(s)
File Name
Access Level
OA Open Access
Last Uploaded
2016-03-16T10:32:34Z

This data publication is cited in the following publications:
This publication cites the following data publications:

Export

0 Marked Publications

Open Data PUB

Search this title in

Google Scholar