The Impact of Patents and R&D Cooperation on R&D Investments in a Differentiated Goods Industry
In this paper, we consider the impact of patents and R&D cooperation on R&D investments in the oligopolistic industry with differentiated products. Four types of firms’ conduct are investigated: R&D competition without patents, R&D competition with patent protection, R&D cooperat...
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Veröffentlicht in: | South East European journal of economics and business 2020-06, Vol.15 (1), p.122-133 |
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creator | Karbowski, Adam Prokop, Jacek |
description | In this paper, we consider the impact of patents and R&D cooperation on R&D investments in the oligopolistic industry with differentiated products. Four types of firms’ conduct are investigated: R&D competition without patents, R&D competition with patent protection, R&D cooperation, and the full industry cooperation. The obtained results suggest that patents do not necessarily promote R&D investments due to the existence of so called tournament effects. R&D cooperation stimulates R&D investments, but R&D cooperation provides sufficient incentives to create a full industry cartel. Such a cartel works to the detriment of consumers. Our analysis led us to the conclusion that for a relatively low level of R&D spillovers, the policy-makers should promote R&D competition without patent protection among oligopolistic firms. For a relatively high level of R&D spillovers, R&D cooperation enhances innovation, but the regulator should monitor the market for probable collusion. |
doi_str_mv | 10.2478/jeb-2020-0010 |
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Four types of firms’ conduct are investigated: R&D competition without patents, R&D competition with patent protection, R&D cooperation, and the full industry cooperation. The obtained results suggest that patents do not necessarily promote R&D investments due to the existence of so called tournament effects. R&D cooperation stimulates R&D investments, but R&D cooperation provides sufficient incentives to create a full industry cartel. Such a cartel works to the detriment of consumers. Our analysis led us to the conclusion that for a relatively low level of R&D spillovers, the policy-makers should promote R&D competition without patent protection among oligopolistic firms. For a relatively high level of R&D spillovers, R&D cooperation enhances innovation, but the regulator should monitor the market for probable collusion.]]></description><subject>cooperation</subject><subject>differentiated goods</subject><subject>investments</subject><subject>research and development</subject><issn>2233-1999</issn><issn>2233-1999</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><recordid>eNptkE1LAzEQhoMoWGqP3nPyFs0kze4GT9JqXSgo0ntI86Fb2k1JUqX_3qz14MFhYD5432F4ELoGesumdXO3cWvCKKOEUqBnaMQY5wSklOd_-ks0SWlDS3CY1lM5Qmr14XC722uTcfD4VWfX54R1b_HbzRzPQti7qHMXelxyWLX9p0t59yPreqzxvPPexTJ3xWzxIgSbisoeUo7HK3Th9Ta5yW8do9XT42r2TJYvi3b2sCSGV5CJNLYWXHqQwlIHayqsoMYDcKGZaYyrm8o0WkvGKgtgdCW1lKaqGyFqb_kYkdNZE0NK0Xm1j91Ox6MCqgY-qvBRAx818Cn6-5P-S2-zi9a9x8OxNGoTDrEvj_7vAwFQYH4DW1prOw</recordid><startdate>20200601</startdate><enddate>20200601</enddate><creator>Karbowski, Adam</creator><creator>Prokop, Jacek</creator><general>Sciendo</general><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>20200601</creationdate><title>The Impact of Patents and R&D Cooperation on R&D Investments in a Differentiated Goods Industry</title><author>Karbowski, Adam ; Prokop, Jacek</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c361t-9cd7539f195d0e1b05d50cf1135a2c8ce786c8aa9226d11ca69a99c678557fd3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>cooperation</topic><topic>differentiated goods</topic><topic>investments</topic><topic>research and development</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Karbowski, Adam</creatorcontrib><creatorcontrib>Prokop, Jacek</creatorcontrib><collection>CrossRef</collection><jtitle>South East European journal of economics and business</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Karbowski, Adam</au><au>Prokop, Jacek</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Impact of Patents and R&D Cooperation on R&D Investments in a Differentiated Goods Industry</atitle><jtitle>South East European journal of economics and business</jtitle><date>2020-06-01</date><risdate>2020</risdate><volume>15</volume><issue>1</issue><spage>122</spage><epage>133</epage><pages>122-133</pages><issn>2233-1999</issn><eissn>2233-1999</eissn><abstract><![CDATA[In this paper, we consider the impact of patents and R&D cooperation on R&D investments in the oligopolistic industry with differentiated products. Four types of firms’ conduct are investigated: R&D competition without patents, R&D competition with patent protection, R&D cooperation, and the full industry cooperation. The obtained results suggest that patents do not necessarily promote R&D investments due to the existence of so called tournament effects. R&D cooperation stimulates R&D investments, but R&D cooperation provides sufficient incentives to create a full industry cartel. Such a cartel works to the detriment of consumers. Our analysis led us to the conclusion that for a relatively low level of R&D spillovers, the policy-makers should promote R&D competition without patent protection among oligopolistic firms. For a relatively high level of R&D spillovers, R&D cooperation enhances innovation, but the regulator should monitor the market for probable collusion.]]></abstract><pub>Sciendo</pub><doi>10.2478/jeb-2020-0010</doi><tpages>12</tpages><oa>free_for_read</oa></addata></record> |
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subjects | cooperation differentiated goods investments research and development |
title | The Impact of Patents and R&D Cooperation on R&D Investments in a Differentiated Goods Industry |
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