Seminar by Kazuma Takakura (September 28)
Let me inform you of the following research seminar.
Date: September 28 (Thu.) , 2023
Time: 5:20PM - 6:50PM
Venue: 11th Floor, Bldg.No.2 Meeting Room B & ZOOM (HyFlex)
Speaker: Kazuma Takakura (University of Tokyo)
Organizer: Takuya Hasebe
Title: Knowledge Spillovers and Strategic Network Formation
Abstract: This paper examines the degree of knowledge spillovers through collaborative research and development (R&D) networks between private firms, taking into account endogenous network formation. To accomplish this objective, we develop a multiple-stage game where firms choose their output levels, R&D investments, and the partner whom with they collaborate. For the estimation of the network formation game, we employ the simultaneous game under incomplete information where network structure is only partially observed. This structural method effectively deals with endogeneity and estimates unbiased spillover parameters. As a counterfactual experiment, we compare various R&D subsidy policies for their allocation efficiency.
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