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dc.contributor.authorMILLIOU, Chrysovalantou
dc.date.accessioned2011-04-19T12:48:53Z
dc.date.available2011-04-19T12:48:53Z
dc.date.issued2004
dc.identifier.citationInternational Journal of Industrial Organization, 2004, 22, 1, 25-43
dc.identifier.issn0167-7187
dc.identifier.urihttp://hdl.handle.net/1814/16567
dc.description.abstractWe examine the impact of R&D information flow on innovation incentives and welfare. in particular, we consider the case in which the information flows from a downstream nonintegrated firm to the downstream division of a vertically integrated firm via its upstream subsidiary. in a setting where both the integrated and nonintegrated firm engage in cost-reducing R&D and compete in the product market, we show that the impact of the R&D information flow on innovation, output, and profits is positive for the integrated firm, and negative for the nonintegrated firm. Unless information spillovers are high, goods are close substitutes, and R&D is very costly, 'firewalls' decrease welfare. (C) 2003 Elsevier B.V. All rights reserved.
dc.language.isoen
dc.publisherElsevier Science Bv
dc.subjectvertical integration
dc.subjectinformation flow
dc.subjectfirewalls
dc.subjectR&D spillovers
dc.titleVertical Integration and R&D Infort-Nation Flow: Is There a Need for 'Firewalls'?
dc.typeArticle
dc.identifier.doi10.1016/S0167-7187(03)00090-0
dc.neeo.contributorMILLIOU|Chrysovalantou|aut|
dc.identifier.volume22
dc.identifier.startpage25
dc.identifier.endpage43
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dc.identifier.issue1


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