{"id":2081,"date":"2024-03-28T14:13:27","date_gmt":"2024-03-28T13:13:27","guid":{"rendered":"https:\/\/spatialeconomics.nl\/?p=2081"},"modified":"2024-04-03T12:38:00","modified_gmt":"2024-04-03T10:38:00","slug":"michael-konig-paper-accepted-for-publication-in-the-rand-journal-of-economics","status":"publish","type":"post","link":"https:\/\/spatialeconomics.nl\/en\/michael-konig-paper-accepted-for-publication-in-the-rand-journal-of-economics\/","title":{"rendered":"Michael K\u00f6nig: Paper accepted for publication in the RAND Journal of Economics"},"content":{"rendered":"\n<p>Good news for Michael K\u00f6nig! His paper on \u201cEndogenous Technology Spillovers in Dynamic R&amp;D Networks\u201d (co-authored by Chih-Sheng Hsieh and Xiaodong Liu) has been accepted for publication in the <a href=\"https:\/\/www.rje.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">RAND Journal of Economics<\/a>. The abstract is provided below.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Abstract<\/strong> &nbsp;<\/h4>\n\n\n\n<p>We introduce a stochastic R&amp;D network formation model where firms choose both R&amp;D efforts and collaboration partners. Neighbors in the network benefit from each other\u2019s R&amp;D efforts through local technology spillovers, and there exists a global competition effect reflecting strategic substitutability in R&amp;D efforts. We provide a complete equilibrium characterization of the network formation model and show that the model is consistent with empirically observed R&amp;D networks. Based on the equilibrium characterization, we propose an estimation method that is computationally feasible even for large networks. With the estimated model we then conduct an analysis of R&amp;D collaboration subsidies to demonstrate the policy relevance of this model. We find that a subsidy scheme targeting specific R&amp;D collaborations in the network can be much more effective than a uniform subsidy, with a welfare gain up to five times larger than the cost of the subsidy.<br><br><a href=\"https:\/\/research.vu.nl\/en\/publications\/endogenous-technology-spillovers-in-dynamic-rampd-networks\" target=\"_blank\" rel=\"noreferrer noopener\">Read a working version<\/a> of the above paper.<\/p>\n\n\n\n<p><br><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"171\" class=\"wp-image-1763\" style=\"width: 150px;\" src=\"https:\/\/spatialeconomics.nl\/wp-content\/uploads\/2023\/06\/MichaelKonig.webp\" alt=\"\"><br>Visit <a href=\"https:\/\/research.vu.nl\/en\/persons\/michael-konig\" data-type=\"link\" data-id=\"https:\/\/research.vu.nl\/en\/persons\/michael-konig\">Michael&#8217;s research page<\/a> <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good news for Michael K\u00f6nig! His paper on \u201cEndogenous Technology Spillovers in Dynamic R&amp;D Networks\u201d (co-authored by Chih-Sheng Hsieh and Xiaodong Liu) has been accepted for publication in the RAND Journal of Economics. The abstract is provided below. Abstract &nbsp; We introduce a stochastic R&amp;D network formation model where firms choose both R&amp;D efforts and&hellip;<\/p>\n","protected":false},"author":2,"featured_media":1692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geen-categorie"],"acf":[],"_links":{"self":[{"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/posts\/2081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/comments?post=2081"}],"version-history":[{"count":5,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/posts\/2081\/revisions"}],"predecessor-version":[{"id":2119,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/posts\/2081\/revisions\/2119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/media\/1692"}],"wp:attachment":[{"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/media?parent=2081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/categories?post=2081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spatialeconomics.nl\/en\/wp-json\/wp\/v2\/tags?post=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}