E3S Web Conf.
Volume 235, 20212020 International Conference on New Energy Technology and Industrial Development (NETID 2020)
|Number of page(s)||4|
|Section||Analysis on the Development of Intelligent Supply Chain and Internet Digital Industrialization|
|Published online||03 February 2021|
R&D Investment Competition and Efficiency in a Mixed Duopoly Model, with Endogenous Spillover
Dept. of Economics, North China University of Technology, Beijing, China
2 Dept. of Economics, North China University of Technology, Beijing, China
* a Corresponding author E-mail address: email@example.com
In this paper, a mixed duopoly model is used to explain how ownership structure influences the innovation performances of firms. A three stage-game is adopted in the study. In first stage, firms make R&D expenditure which leads to a profit increasing; in the second stage, firms choose the level of technological improvement they would like to share with the rival; and production quantity will be decided in the final stage. The theory explains that as long as public firms continue their dual roles as productive entities and social safety nets, they cannot be purely profit-oriented, and continue to have poor innovation performance.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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