Seminar by Prof. Tarun  Kabiraj, ISI, Kolkata.

Subject: On the Choice of R&D Organization

Monday, March 4, 2019 at 4.30 pm in the Seminar Hall of the Institute.

Abstract:

This paper seeks to examine, in the context of Marjit (1991,  Eco. Lett.) and Mukherjee and Marjit (2004, Gr. Dec. Nego.) models, the  effect on the choice of R&D organization if the number of research lab
is chosen by the firms optimally under R&D cooperation. Given the  optimal form of R&D cooperation, the paper further studies the effect of  introducing fee licensing under non-cooperative R&D. We show that our  results substantially differ from those in the existing literature. The  R&D cost, the success probability, and the size of innovation, all these  play a crucial role.