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Cooperative and non-cooperative R&D in product innovation and firm performance
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| Veröffentlicht in: | Journal of business economics and management 20(2019), 6, Seite 1121-1142 |
|---|---|
| Personen und Körperschaften: | |
| Titel: | Cooperative and non-cooperative R&D in product innovation and firm performance/ Adam Karbowski |
| Format: | E-Book-Kapitel |
| Sprache: | Englisch |
| veröffentlicht: |
2019
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| Gesamtaufnahme: |
: Journal of business economics and management, 20(2019), 6, Seite 1121-1142
, volume:20 |
| Schlagwörter: | |
| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
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| 520 | |a The aim of this article is to investigate the impacts of cooperative and non-cooperative R&D strategies on product innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R&D cartelisation, and full industry cartelisation strategies of firms operating on a market with differentiated goods and simultaneous price and quality competition are considered. It is showed that R&D cartelisation entails a loss of firm's product innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They prefer to pursue either R&D cartelisation or full industry cartelisation strategies, depending on the elasticity of demand with respect to the firm's investment in R&D. The social cost of R&D cartelisation is a loss of product innovation, and the social cost of full industry cartelisation is both the loss of product innovation and the loss of consumer surplus due to a relatively high price and low output of the final product. The latter results carry significant implications for the modern business and public policy. | ||
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| contents | The aim of this article is to investigate the impacts of cooperative and non-cooperative R&D strategies on product innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R&D cartelisation, and full industry cartelisation strategies of firms operating on a market with differentiated goods and simultaneous price and quality competition are considered. It is showed that R&D cartelisation entails a loss of firm's product innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They prefer to pursue either R&D cartelisation or full industry cartelisation strategies, depending on the elasticity of demand with respect to the firm's investment in R&D. The social cost of R&D cartelisation is a loss of product innovation, and the social cost of full industry cartelisation is both the loss of product innovation and the loss of consumer surplus due to a relatively high price and low output of the final product. The latter results carry significant implications for the modern business and public policy. |
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| spelling | Karbowski, Adam VerfasserIn aut, Cooperative and non-cooperative R&D in product innovation and firm performance Adam Karbowski, 2019, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2, The aim of this article is to investigate the impacts of cooperative and non-cooperative R&D strategies on product innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R&D cartelisation, and full industry cartelisation strategies of firms operating on a market with differentiated goods and simultaneous price and quality competition are considered. It is showed that R&D cartelisation entails a loss of firm's product innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They prefer to pursue either R&D cartelisation or full industry cartelisation strategies, depending on the elasticity of demand with respect to the firm's investment in R&D. The social cost of R&D cartelisation is a loss of product innovation, and the social cost of full industry cartelisation is both the loss of product innovation and the loss of consumer surplus due to a relatively high price and low output of the final product. The latter results carry significant implications for the modern business and public policy., DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/, Aufsatz in Zeitschrift DE-206, Enthalten in Journal of business economics and management Vilnius : VTGU Publ. House "Technika", 2003 20(2019), 6, Seite 1121-1142 Online-Ressource (DE-627)55226010X (DE-600)2400520-4 (DE-576)27798033X 2029-4433 nnns, volume:20 year:2019 number:6 pages:1121-1142, https://journals.vgtu.lt/index.php/JBEM/article/download/11050/9346 Verlag kostenfrei, https://doi.org/10.3846/jbem.2019.11050 Resolving-System kostenfrei, https://doi.org/10.3846/jbem.2019.11050 LFER, https://journals.vgtu.lt/index.php/JBEM/article/download/11050/9346 LFER, LFER 2020-04-07T00:00:00Z |
| spellingShingle | Karbowski, Adam, Cooperative and non-cooperative R&D in product innovation and firm performance, The aim of this article is to investigate the impacts of cooperative and non-cooperative R&D strategies on product innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R&D cartelisation, and full industry cartelisation strategies of firms operating on a market with differentiated goods and simultaneous price and quality competition are considered. It is showed that R&D cartelisation entails a loss of firm's product innovation compared with R&D competition. However, profit-maximising firms do not prefer the R&D competition strategy. They prefer to pursue either R&D cartelisation or full industry cartelisation strategies, depending on the elasticity of demand with respect to the firm's investment in R&D. The social cost of R&D cartelisation is a loss of product innovation, and the social cost of full industry cartelisation is both the loss of product innovation and the loss of consumer surplus due to a relatively high price and low output of the final product. The latter results carry significant implications for the modern business and public policy., Aufsatz in Zeitschrift |
| title | Cooperative and non-cooperative R&D in product innovation and firm performance |
| title_auth | Cooperative and non-cooperative R&D in product innovation and firm performance |
| title_full | Cooperative and non-cooperative R&D in product innovation and firm performance Adam Karbowski |
| title_fullStr | Cooperative and non-cooperative R&D in product innovation and firm performance Adam Karbowski |
| title_full_unstemmed | Cooperative and non-cooperative R&D in product innovation and firm performance Adam Karbowski |
| title_in_hierarchy | Cooperative and non-cooperative R&D in product innovation and firm performance / Adam Karbowski, |
| title_short | Cooperative and non-cooperative R&D in product innovation and firm performance |
| title_sort | cooperative and non cooperative r d in product innovation and firm performance |
| topic | Aufsatz in Zeitschrift |
| topic_facet | Aufsatz in Zeitschrift |
| url | https://journals.vgtu.lt/index.php/JBEM/article/download/11050/9346, https://doi.org/10.3846/jbem.2019.11050 |