Skema Research > skema-event > kto ofce gredeg research seminar thomas grebel

KTO-OFCE-GREDEG Research seminar - Thomas Grebel

Thomas Grebel (TU Ilmenau, Germany) will present a paper titled: "Technological spillovers, product market rivalry and R&D investment: theory and evidence co-authored with Lionel Nesta (SKEMA Business School and Gredeg CNRS)



We investigate the determinants of the sign of R&D reaction functions of two rival firms. Using a two-stage Cournot competition game, we show that this sign depends on four types of environments in terms of product rivalry and technology spillovers. We test the predictions of the model on the world's largest manufacturing corporations. Assuming that firms make R&D investments based on the R&D effort of the representative rival company, we develop a dynamic panel data model that accounts for the endogeneity of the decision of the rival firm. Empirical results corroborate the validity of the theoretical model.


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