R&D Networks: Theory, Empirics, and Policy Implications Journal Article

• Best Open Access

Overview

abstract

• We analyze a model of R&D alliance networks where firms are engaged in R&D collaborations that lower their production costs while competing on the product market. We provide a complete characterization of the Nash equilibrium and determine the optimal R&D subsidy program that maximizes total welfare. We then structurally estimate this model using a unique panel of R&D collaborations and annual company reports. We use our estimates to study the impact of targeted versus nondiscriminatory R&D subsidy policies and empirically rank firms according to the welfare-maximizing subsidies they should receive.

CU Boulder Authors

• Liu, Xiaodong

publication date

• July 1, 2019

has restriction

• green

Date in CU Experts

• February 21, 2019 9:12 AM

Full Author List

• König MD; Liu X; Zenou Y

author count

• 3

published in

• The Review of Economics and Statistics  Journal

Other Profiles

International Standard Serial Number (ISSN)

• 0034-6535

Electronic International Standard Serial Number (EISSN)

• 1530-9142

Digital Object Identifier (DOI)

• https://doi.org/10.1162/rest_a_00762

Additional Document Info

start page

• 476

end page

• 491

volume

• 101

issue

• 3