Competitive and harmonised R&D policies for international R&D alliances involving asymmetric firmsUniversity of Nottingham Research Paper Series
Date of this Version3-28-2012
Document TypeJournal Article
AbstractWe examine research and development (R&D) policies when a national firm forms an R&D alliance with a foreign competitor. Firms differ in their R&D capabilities, and adopt a profit-sharing rule when R&D decisions are coordinated. National R&D tax/subsidy policies are set independently or harmonized. When firms coordinate their R&D decisions and governments choose R&D policies independently, R&D taxes are chosen. But there is no intervention if policies are harmonized. These policy outcomes affect the types of R&D alliance choosen. Agreements to share R&D information may be preferred to those combining coordination of R&D decisions and information sharing because of the R&D tax that coordination attracts.
Citation InformationRodney Falvey and Khemarat Talerngsri Teerasuwannajak. "Competitive and harmonised R&D policies for international R&D alliances involving asymmetric firms" University of Nottingham Research Paper Series Vol. 2012 (2012) p. 1 - 37
Available at: http://works.bepress.com/rodney_falvey/12/