R&D Networks: Theory, Empirics, and Policy Implications
2019 ◽
Vol 101
(3)
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pp. 476-491
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We analyze a model of R&D alliance networks where firms are engaged in R&D collaborations that lower their production costs while competing on the product market. We provide a complete characterization of the Nash equilibrium and determine the optimal R&D subsidy program that maximizes total welfare. We then structurally estimate this model using a unique panel of R&D collaborations and annual company reports. We use our estimates to study the impact of targeted versus nondiscriminatory R&D subsidy policies and empirically rank firms according to the welfare-maximizing subsidies they should receive.
2015 ◽
Vol 46
(1)
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pp. 134-146
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2020 ◽
Vol 4
(2)
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pp. 118-129
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2019 ◽
pp. 109-117
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