The relationship between R&D spillovers and regional innovation: Licensing patents through royalties and the Stackelberg duopoly with subgame perfect Nash equilibrium
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arXiv
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| Format: | Preprint |
| Veröffentlicht: |
2026
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| _version_ | 1866914301637296128 |
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| author | Kanellopoulos, Vasilios |
| author_facet | Kanellopoulos, Vasilios |
| contents | The present paper examines the effect of R&D spillovers on regional innovation in Greece over the 2002-2010 period. The approach taken goes beyond a regional knowledge production function and draws possible explanations from a more extensive pool of R&D related and regional structural variables. Having employed game theory techniques in order to describe the licensing of the patents through royalties and derived the subgame perfect Nash equilibrium under a Stackelberg duopoly, the results obtained accord with findings of previous studies when it comes R&D expenditure related variables and further suggest that the role of highly-qualified employment is instrumental in promoting regional innovation. The results also suggest the benefits of synergies between R&D personnel in manufacturing and other measures of highly-qualified employment as well as R&D expenditure of the public sector and employment in manufacturing business R&D for regional innovation. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2602_02274 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | The relationship between R&D spillovers and regional innovation: Licensing patents through royalties and the Stackelberg duopoly with subgame perfect Nash equilibrium Kanellopoulos, Vasilios Theoretical Economics The present paper examines the effect of R&D spillovers on regional innovation in Greece over the 2002-2010 period. The approach taken goes beyond a regional knowledge production function and draws possible explanations from a more extensive pool of R&D related and regional structural variables. Having employed game theory techniques in order to describe the licensing of the patents through royalties and derived the subgame perfect Nash equilibrium under a Stackelberg duopoly, the results obtained accord with findings of previous studies when it comes R&D expenditure related variables and further suggest that the role of highly-qualified employment is instrumental in promoting regional innovation. The results also suggest the benefits of synergies between R&D personnel in manufacturing and other measures of highly-qualified employment as well as R&D expenditure of the public sector and employment in manufacturing business R&D for regional innovation. |
| title | The relationship between R&D spillovers and regional innovation: Licensing patents through royalties and the Stackelberg duopoly with subgame perfect Nash equilibrium |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2602.02274 |