Economics Performance under Endogenous Knowledge Spillovers
Alghamdi, Mohamad . 2019
The aim of this paper is to examine the impact of growing R&D cooperation networks on R&D knowledge spillovers and equilibrium outcomes. We fnd that as the cooperation in the network grows, the graph theoretic distances between competitors decrease. This allows the R&D spillovers between non-cooperators to increase. Moreover, we fnd that increasing the cooperation in the network improves the payofs of frms. This indicates that developing the cooperation network is individually desirable to remain active in the industry.
The paper investigates the influence of dense collaborative R&D structures between firms as stable standard networks on equilibrium outcomes.
The purpose of the paper is to define the basic conditions on cooperation of firms in research and development (R&D) to guarantee maximum outcomes.
This paper contributes to the empirical study of the cooperation of companies in research and development (R&D). The contribution is based primarily on the…