Endogenous Timing in Mixed Oligopoly with R&D Spillovers

Student: Artemov Vadim

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2021

In this paper I examine mixed duopoly model with R\&D spillovers and possibility to invest into a cost reducing activity during a delay game. The purpose of this paper is to find welfare maximising market structure as well as to shed light on the interaction of firms in such a setting. I find out that full privatization is not optimal solution. Also, this model is able to explain some real life examples of why firms may wish to delay their investment into research and development.

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