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are taken into account. The paper proposes a theory of innovation and market structure, showing that the relation between … innovation and competition depends on horizontal spillovers, vertical spillovers, and cooperative settings. The private … coopération verticale. Le papier propose une théorie reliant le degré d'innovation à la structure du marché: la relation entre la …
Persistent link: https://www.econbiz.de/10005273027
The precompetitive R&D literature has viewed cooperative and noncooperative R&D as substitutes. In this paper a more realistic approach is taken, where both cooperative and noncooperative R&D are performed in parallel. In the first stage firms determine the optimal investments in both types of...
Persistent link: https://www.econbiz.de/10005627180