Some Restrictions on R&D Networks

Mohamad Alghamdi

Abstract


We use an R&D network model by Goyal and Moraga-Gonzalez [13] to maximize the equilibrium outcomes. We focus on the effectiveness of R&D expenditures and its effect on the outcomes. We find that characteristics of markets and networks influence values of the effectiveness. The change of this parameter has a negative impact on the individual and social outcomes.


Keywords


R&D Network game; Market structure; Equilibria; Maximum outcomes

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References


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DOI: http://dx.doi.org/10.26713%2Fjims.v11i2.947

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