Publisher：Walter de Gruyter GmbH  

<jats:title>Abstract</jats:title>
<jats:p>This study derives non-cooperative and cooperative optimal product research and development (R&D) policies of a country with a high-quality firm and a country with a low-quality firm in the presence of technology spillover under Cournot and Bertrand competitions in an international duopoly. When the respective governments determine their R&D policies non-cooperatively, optimal policies for both countries involve an R&D tax (subsidy) if spillover is large (small). When the governments choose their R&D policies cooperatively, a tax is always optimal for the country with low-quality firm and a subsidy (tax) is optimal for the country with high-quality firm if spillover is large (small). In addition, we show that the non-cooperative optimal product R&D Policy is tax for a wider range of spillover effects under Cournot competition, compared to the case of Bertrand competition.</jats:p>

DOI： 10.1515/bejeap-2015-0090

DOI： 10.5652/internationaleconomy/ie2020.24.01.yt_references_DOI_SPCINFivvR0MWMFXefCUw1eXNKs

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Other Link： https://www.degruyter.com/document/doi/10.1515/bejeap-2015-0090/pdf

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Language：English  

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