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Query: faculty: "FEB" and publication year: "2003"

AuthorJ. Hinloopen
TitleR&D efficiency gains due to cooperation
JournalJournal of Economics
Volume80
Year2003
Issue2
Pages107-125
ISSN03616576
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractA theoretical and widely-quoted finding is that levels of cooperative R&D exceed noncooperative R&D levels when technological spillovers are relatively large, while the opposite holds for relatively small technological spillovers. We qualify this result by showing that for relatively small technological spillovers the comparison is not driven by the extent of technological spillover, but by the increase in technological spillover due to cooperation in R&D. In particular, an agreement to cooperate in R&D always raises R&D efforts if the post-cooperative technological spillover rate is “high enough”.
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