R&D Investments under Endogenous Cluster Formation
Dawid H, Hellmann T (2016) Center for Mathematical Economics Working Papers; 555.
Bielefeld: Center for Mathematical Economics.
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| Veröffentlicht | Englisch
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Abstract / Bemerkung
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.
Stichworte
R&D;
cluster formation;
oligopoly
Erscheinungsjahr
2016
Serientitel
Center for Mathematical Economics Working Papers
Band
555
Seite(n)
50
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2901689
Zitieren
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, Herbert, and Hellmann, Tim. 2016. R&D Investments under Endogenous Cluster Formation. Vol. 555. Center for Mathematical Economics Working Papers. 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.
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