The Behavior of Maximum Outcomes in Symmetric R&D Networks
DOI:
https://doi.org/10.26713/jims.v9i1.421Keywords:
Symmetric networks, Maximization, Optimal levels, EquilibriaAbstract
We consider the network game for firms conduct R&D to study symmetric cooperation networks. The outcomes focus theoretically on analyzing the behavior of the equilibria. First, we determine optimal levels at which the production quantity is maximized. Then, we show that the quantity function is symmetric around those optimal levels. Finally, we show that the regular increase in the activity level does not necessarily produce a constant change in the equilibrium outcomes.Downloads
References
Bowley, A. L., 1924. Mathematical Groundwork in Economics: an introductory treatise. Oxford U, Press.
Cantner, U., Graf, H., 2006. The network of innovators in Jena: An application of social network analysis. Research Policy. 35, 463-480.
Deroian, F., 2008. Dissemination of spillovers in cost-reducing alliances. Research in Economics. 62, 34-44.
Dixit, A., 1979. A Model of Duopoly Suggesting a Theory of Entry Barriers. The Bell Journal of economics. 10, 2032.
Goyal, S., Moraga-Gonzalez, J. L., 2001. R&D Networks. Rand Journal of Economics. 32, 686-707.
Konig, M. D., Battiston, S., Napoletano, M., Schweitzer, F., 2012. The efficiency and stability of R&D networks. Games and Economic Behavior. 75, 694-713.
Jackson, M., 2008. Social and Economic Networks. Princeton, NJ: Princeton University Press.
Jackson, M. O., Wolinsky, A., 1996. A Strategic Model of Social and Economic Networks. Journal of Economic Theory. 71, 44-74.
Newman, M. E. J., 2003. The Structure and Function of Complex Networks. SIAM Review. 45, 167-256.
Westbrock, B., 2010. Natural concentration in industrial research collaboration. RAND Journal of Economics. 41 (2), 351-371.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a CCAL that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.