Cooperative and noncooperative R&D in an oligopoly with spillovers

Article Abstract:

The normative and positive impact of cooperative R&D, noncooperative R&D and socially first-best and second-best R&D was studied. The results indicated that neither cooperative nor noncooperative equilibria could attain even the levels of second-best R&D under conditions of sufficiently large spillovers of R&D. The noncooperative level could exceed the first-best and second-best R&D levels if spillover effects were not present.

Research, Oligopolies

---

The stock market's valuation of R&D investment during the 1980's

Article Abstract:

A study proposes several hypotheses for the sharp decline in the stockmarket's valuation of intangible capital generated by research and development investment in manufacturing during the 1980s. Possible factors include a fall in the private rate of return to research and development the restructuring trend of the decade. The methodology of the study draws upon James Tobin's 'q' theory.

Analysis, Stock-exchange, Stock exchanges

---

Similar abstracts:

• Abstracts: Social relations and cooperation in organizations. Social learning with case-based decisions
• Abstracts: Stochastic trends and cointegration in the market for equities. Testing for nonlinear dependence in daily stock indices
• Abstracts: Immigration policy and immigrant quality: the Australian points system. Optimal income taxation and international personal mobility
• Abstracts: Individuals and institutions. Competition among institutions. Economics in action: ideas, institutions, policies
• Abstracts: Strategic pricing of differentiated consumer durables in a dynamic duopoly: a numerical analysis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.