Public Subsidies and Cooperation in Research and Development. Evidence from the LAB

IF 1.1 4区 经济学 Q3 ECONOMICS
Antonio Acconcia, Sergio Beraldo, Carlo Capuano, Marco Stimolo
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引用次数: 0

Abstract

Abstract We implement an experimental design based on a duopoly game in order to analyse the impact of public subsidies on the willingness to cooperate in research and development (R&D) activities. We first implement six experimental markets by exogenously varying the level of knowledge spillovers (low or high) and the intensity of competition in the product market (low, intermediate, or high). We find that the probability of cooperation increases in the level of spillovers and decreases in that of market competition. We then replicate the six experimental markets by subsidising subjects who cooperate. Whenever they are sufficient to change the incentive structure of the game, subsidies substantially increase the probability of cooperation, causing, however, a reduction of R&D investments. Overall, our evidence suggests that, depending on the characteristics of the market, the provision of subsidies is not always desirable. These might be redundant because firms have sufficient private incentives to invest cooperatively in R&D, or even counterproductive, as they might induce firms to significantly reduce R&D investments compared to the noncooperative scenario.
公共补贴与研发合作。劳顾会提供的证据
摘要为了分析公共补贴对企业研发合作意愿的影响,本文采用双寡头博弈的实验设计。我们首先通过外生改变知识溢出水平(低或高)和产品市场竞争强度(低、中、高)来实施六个实验市场。我们发现,在溢出水平上,合作的概率增加,而在市场竞争水平上,合作的概率减少。然后,我们通过补贴合作对象来复制这六个实验市场。只要补贴足以改变博弈的激励结构,补贴就会大大增加合作的可能性,但却会导致研发投资的减少。总的来说,我们的证据表明,根据市场的特点,提供补贴并不总是可取的。这些可能是多余的,因为企业有足够的私人激励来合作投资研发,甚至适得其反,因为与非合作情景相比,它们可能诱使企业显著减少研发投资。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
1.50
自引率
11.10%
发文量
33
期刊介绍: The B.E. Journal of Economic Analysis & Policy welcomes submissions that employ microeconomics to analyze issues in business, consumer behavior, and public policy. We aim to be an international forum for scholarship, whether the scholarship considers an issue that is general or that pertains to a particular country or region, but authors should bear in mind that our readers come from around the world. Potential issues of interest include: the interaction of firms, the functioning of markets, the effects of domestic and international policy, and the design of organizations and institutions.
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