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来源类型Working Paper
规范类型报告
DOI10.3386/w2876
来源IDWorking Paper 2876
Cost-Reducing and Demand-Creating R&D With Spillovers
Richard C. Levin; Peter C. Reiss
发表日期1989-03-01
出版年1989
语种英语
摘要This paper analyzes R&D policies when the returns to cost-reducing and demand-creating R&D are imperfectly appropriable and market structure is endogenous. Previous characterizations of appropriability are generalized to permit the possibility that own and rival R&D are imperfect substitutes. We also describe how. equilibrium expenditures on process and product R&D, as well as equilibrium market structure, depend on technological opportunities and spillovers. In contrast to previous work, diminished appropriability does not necessarily reduce R&D expenditures. For example, under some conditions, an increase in the extent of process (product) spillovers will lead to an increase in product (process) R&D. We estimate several variants of the model using manufacturing line of business data and data from a survey of R&D executives.
URLhttps://www.nber.org/papers/w2876
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/560145
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GB/T 7714
Richard C. Levin,Peter C. Reiss. Cost-Reducing and Demand-Creating R&D With Spillovers. 1989.
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