Autori
Ramsza, Michal
Karbowski, Adam
Platkowski, Tadeusz

Titolo
Process R&D investment and social dilemmas
Periodico
Economia e politica industriale
Anno: 2021 - Volume: 48 - Fascicolo: 3 - Pagina iniziale: 315 - Pagina finale: 336

We consider a coopetitive game model of firms' behavior in process R&D with entry cost. We compare the competitive behavior of firms in R&D with the R&D coopetition scenario. In R&D coopetition, firms engage in a bargaining process to reach a binding R&D agreement. We find that R&D competition can lead to a prisoner's dilemma or a chicken game between market rivals. The possibility of entering a binding R&D agreement resolves the above social dilemmas associated with the firms' competitive behavior. In turn, under R&D coopetition, for a medium level of R&D entry cost, firms may enter a trust dilemma, but it is a beneficial scenario in comparison with the corresponding R&D competition outcome. Keywords: R&D investment, Bargaining, Competition, Coopetition, Social dilemmas



SICI: 0391-2078(2021)48:3<315:PRIASD>2.0.ZU;2-6

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