Risks,Horizontal Cooperative R&D With An Capital Constraint

After entering 21^st century, all nations in the world are confronted with world-wide competition which is guided by education and based on technology. R&D has become the significant factor deciding a country's status in the global competition. It is an urgent problem facing all nations to combine the technology policy with market conduct.Be different from traditional market theory, this essay is aimed to analyze the R&D's influences on market structure, which is added by market funding restraints and risks.Meanwhile,the author tries to explore the effect of technology policy on market structure.The overall text is a two-stage model: one is process that starts from "No R&D"in complete monopoly to the two-stage R&D in monopoly competition, the other one is the change which starts from individual R&D in monopoly competition to N+I firms' R&D and cooperative R&D.In the second stage, this article also concern with the affection of R&D on the price and production of the goods and government policies' influences under the social welfares conditions.The full text is divided into 4 chapters.Chapter One illustrates the theoretical development and figure out the drawbacks of the model and provides the author's opinion. Chapter Two introduces the bibliographies including the background,reasons,destinations,social hot issues and the problems of cocperative R&D and comments the main models. Chapter Three builds the final model through a rigid logica linducement after giving basicl premises, constraints. The text also includes conduction of firms under different conditions of Spillover effects in various markets and a analisis of warefare.In the final chapter,the author draws some conclusions and provides a study oriention for the comers up.