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R&D Networks
Oleh:
Goyal, Sanjeev
;
Moraga-Gonzalez, Jose Luis
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 32 no. 4 (2001)
,
page 686-707.
Topik:
networks
;
R & D
;
networks
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration : bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R & D , and the architecture of collaboration networks. In the absence of firm rivalry, the complete network, where each firm collaborates with all others, is uniquely stable, industry - profit maximizing, and efficient. By contrast, under strong market rivalry the complete network is stable, but intermediate levels of collaboration and asymmetric networks are more attractive from a collective viewpoint. This suggests that competing firms may have excessive incentives to form collaborative links.
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