《《absorptive capacity and strategic Ramp;D investment revisited》.pdf

《《absorptive capacity and strategic Ramp;D investment revisited》.pdf

  1. 1、本文档共19页,可阅读全部内容。
  2. 2、有哪些信誉好的足球投注网站(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
《《absorptivecapacityandstrategicRamp;amp;Dinvestmentrevisited》.pdf

International Journal of Industrial Organization 21 (2003) 1091–1109 /locate/econbase M eet me halfway but don’t rush: absorptive capacity and strategic RD investment revisited ¨ * Leo A. Grunfeld NUPI-Norwegian Institute of International Affairs, P.O. Box 8159, Dep . N0033, Oslo, Norway Received 22 January 2001; received in revised form 13 August 2002; accepted 11 April 2003 Abstract In this paper, we analyse how RD investment decisions are affected by RD spillovers between firms, taking into consideration that more RD investment improves the ability to learn from competing firms—the so-called absorptive capacity effect of RD. Contrary to earlier studies, we show that absorptive capacity effects of own RD do not necessarily drive up the incentive to invest in RD. This only happens when the market size is small or the absorptive capacity effect is weak. Otherwise, firms will actually choose to cut down on RD. Furthermore, absorptive capacity effects also increase the critical rate of spillovers that determines whether a research joint venture generates more RD investment than a non-cooperative setting. Finally, we show that strong learning effects of own RD are not necessarily good for welfare. Moreover, if the market size is large, welfare will be at its highest when the learning effect is small.  2003 Elsevier B.V. All rights reserved. JEL classification : L13; O31; O32; O38 Keywords : ; RD investment; RD spillovers; absorptive capacity; RJV 1. Introduction The title of this paper is a modification of the title used by Kamien and Zang *

文档评论(0)

qspd + 关注
实名认证
内容提供者

该用户很懒,什么也没介绍

1亿VIP精品文档

相关文档