研討日期

201291510:30 ~ 13:00

研討地點

台大社會科學院26教室

討論題目

題目

作者

文獻出處

Vertical integration and R&D information flow:

is there a need for ‘firewalls’?

Chrysovalantou Milliou

IJIO(2004)

報告人

參加人員

黃鴻、林燕淑、王光正、彭正浩、高國峯、陳金盛、林晏如、曾靜枝、王羿傑、丁虹仁、王佳琪、鍾暳陵、周冰瑤、吳宜謙、黃品錚、許至乙、施姵全

摘要

We 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.