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Knowledge sharing in cooperative research and development

Sakakibara, Mariko

This article examines the effects of knowledge sharing or endogenous spillovers among R&D consortia participants on R&D competition when R&D enhances a firm's absorptive capacity. A game-theoretic model illustrates how different compositions of R&D consortia affect spillovers and R&D spending of participants. When a firm participates in a consortium whose members are from diverse industries, the model suggests that this participation increases spillover rates among participants and intensifies firms' R&D efforts to learn from other members in the consortium. An econometric analysis based on the panel data of 267 Japanese firms over 13 years shows evidence of this learning effect.

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Academic Units
Center on Japanese Economy and Business
Publisher
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Series
Center on Japanese Economy and Business Working Papers, 156
Published Here
February 10, 2011