Cooperation in the classroom : experimenting with research joint ventures

Michelle S. Goeree ...

This paper describes a classroom exercise that illustrates the investment incentives facing firms when technological spillovers are present. The game involves two stages in which student sellersʺ first make investment decisions then production decisions. The classroom game can be used to motivate discussions of research joint ventures, the free-rider problem, collusion, and antitrust policy regarding research and development.

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Year of publication:	Dec. 2004
Other Persons:	Sovinsky, Michelle (contributor) ; Hinloopen, Jeroen (contributor)
Publisher:	Claremont, Calif. : Claremont Inst. for Economic Policy Studies
Subject:	Forschung \| Research \| Forschungskooperation \| Research collaboration \| Investitionsentscheidung \| Investment decision \| Spillover-Effekt \| Spillover effect \| Spieltheorie \| Game theory \| Experiment