We consider an industry composed of two types of firms, namely, innovators that invest in process research and development (R&D), and surfers that do not but benefit from knowledge spillover.We verify if the conclusions reached in the seminal paper by d’Aspremont and Jacquemin hold in this setting.We obtain that cooperation among innovators still lead to higher R&D and output levels than when they do not cooperate.Our main result is that the presence of surfers in an industry can be welfare improving under some conditions.
Accepted:
DOI: 10.1051/ro/2015054
Keywords: Investments in R&D, cooperation, noncooperation, Spillover, free riders, social Welfare
@article{RO_2016__50_3_611_0, author = {Ben Brahim, Mouna and Zaccour, Georges and Ben Abdelaziz, Fouad}, title = {Strategic investments in {R&D} and efficiency in the presence of free riders}, journal = {RAIRO - Operations Research - Recherche Op\'erationnelle}, pages = {611--625}, publisher = {EDP-Sciences}, volume = {50}, number = {3}, year = {2016}, doi = {10.1051/ro/2015054}, zbl = {1414.91255}, mrnumber = {3538843}, language = {en}, url = {http://archive.numdam.org/articles/10.1051/ro/2015054/} }
TY - JOUR AU - Ben Brahim, Mouna AU - Zaccour, Georges AU - Ben Abdelaziz, Fouad TI - Strategic investments in R&D and efficiency in the presence of free riders JO - RAIRO - Operations Research - Recherche Opérationnelle PY - 2016 SP - 611 EP - 625 VL - 50 IS - 3 PB - EDP-Sciences UR - http://archive.numdam.org/articles/10.1051/ro/2015054/ DO - 10.1051/ro/2015054 LA - en ID - RO_2016__50_3_611_0 ER -
%0 Journal Article %A Ben Brahim, Mouna %A Zaccour, Georges %A Ben Abdelaziz, Fouad %T Strategic investments in R&D and efficiency in the presence of free riders %J RAIRO - Operations Research - Recherche Opérationnelle %D 2016 %P 611-625 %V 50 %N 3 %I EDP-Sciences %U http://archive.numdam.org/articles/10.1051/ro/2015054/ %R 10.1051/ro/2015054 %G en %F RO_2016__50_3_611_0
Ben Brahim, Mouna; Zaccour, Georges; Ben Abdelaziz, Fouad. Strategic investments in R&D and efficiency in the presence of free riders. RAIRO - Operations Research - Recherche Opérationnelle, Volume 50 (2016) no. 3, pp. 611-625. doi : 10.1051/ro/2015054. http://archive.numdam.org/articles/10.1051/ro/2015054/
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