2008•Systems Engineering - Theory & PracticeRequires access

Technological improvement comparison between cooperative and non-cooperative R&D with complementary resources

Shengli Chen

Abstract

This paper deals with a version of a two stage model of RD and product market Bertrand competition when there are complementarities between firms' RD resources.Technological improvements are compared between two models of RD organization-independent RD and non-cooperative research joint ventures(RJVs).When complementarity is high,RJVs leads to higher technological improvement and the reverse for low complementarity.

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Available abstract

Key concepts: Complementarity (molecular biology), Industrial organization, Competition (biology), Technological change, Business, Economics, Microeconomics, Ecology