Cooperative and non-cooperative R&D with spillovers under consumer-friendly firms
Given that there is ample evidence that firms have social concerns, in this paper we analyse their influence on firms’ R&D cooperation with spillovers. We find that social concerns encourage firms to invest more in R&D when they do not cooperate than when they do. Moreover, when the social c...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | Universidad del País Vasco |
| Repositorio: | Addi. Archivo Digital para la Docencia y la Investigación |
| OAI Identifier: | oai:addi.ehu.eus:10810/76557 |
| Acceso en línea: | http://hdl.handle.net/10810/76557 |
| Access Level: | acceso abierto |
| Palabra clave: | corporate social responsibility R&D duopoly spillovers |
| Sumario: | Given that there is ample evidence that firms have social concerns, in this paper we analyse their influence on firms’ R&D cooperation with spillovers. We find that social concerns encourage firms to invest more in R&D when they do not cooperate than when they do. Moreover, when the social concern is great enough firms invest more under non-cooperative R&D independently of the spillover value. We also find that firms may prefer not to cooperate on R&D, which does not happen when they do not care about social concerns. Regarding the preference of the government, cooperative R&D agreements generate greater social welfare than non-cooperative R&D in two cases: if the spillover is high enough and the concern of firms about social issues is low enough, and if firms care enough about social issues. Finally, under non-cooperative R&D firms may invest more than the socially efficient level. |
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