Beat 'em or join 'em? : export subsidies versus international research joint ventures in oligopolistic markets

DC FieldValueLanguage
dc.contributor.authorNeary, J. Peter-
dc.contributor.authorO'Sullivan, Paul-
dc.description.abstractThis paper compares adversarial with cooperative industrial and trade policies in a dynamic oligopoly game in which a home and foreign firm compete in R&D and output and, because of spillovers, each firm benefits from the other's R&D. When the government can commit to an export subsidy, such a policy raises welfare relative to cooperation, except when R&D is highly effective and spillovers are near-complete. Without commitment, however, subsidisation may yield welfare levels much lower than cooperation and lower even than free trade, though qualifications to the dangers from no commitment are noted.en
dc.description.sponsorshipNot applicableen
dc.format.extent5028840 bytes-
dc.publisherUniversity College Dublin. School of Economicsen
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen
dc.subjectResearch and developmenten
dc.subjectR&D spilloversen
dc.subjectCooperative agreementsen
dc.subjectResearch Joint Venturesen
dc.subjectStrategic trade policyen
dc.subjectExport subsidiesen
dc.subjectDynamic consistencyen
dc.subject.lcshResearch, Industrial--Mathematical modelsen
dc.subject.lcshCommercial policy--Mathematical modelsen
dc.subject.lcshExport subsidies--Mathematical modelsen
dc.titleBeat 'em or join 'em? : export subsidies versus international research joint ventures in oligopolistic marketsen
dc.typeWorking Paperen
dc.internal.availabilityFull text availableen
dc.statusNot peer revieweden
dc.neeo.contributorNeary|J. Peter|aut|-
item.fulltextWith Fulltext-
Appears in Collections:Economics Working Papers & Policy Papers
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