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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | R&D networks: theory, empirics and policy implications |
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| Institution | University of Zurich |
| Series Name | Working paper series / Department of Economics |
| Number | 142 |
| ISSN | 1664-7041 |
| Number of Pages | 83 |
| Date | 2014 |
| Abstract Text | We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that maximizes total welfare. We also identify the key firms, i.e. the firms whose exit would reduce welfare the most. We then structurally estimate our model using a panel dataset of R&D collaborations and annual company reports. We use our estimates to identify the key firms and analyze the impact of R&D subsidy programs. Moreover, we analyze temporal changes in the rankings of key firms and how these changes affect the optimal R&D policy. |
| Official URL | http://www.econ.uzh.ch/static/wp/econwp142.pdf |
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| Keywords | R&D networks, key firms, optimal subsidies, Forschung und Entwicklung, Produktforschung, Kooperation |