The Role of R&D Technology in Asymmetric Research Joint Ventures

We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed, cooperation in R&D may be accompanied by high concentration in the product market. We show that while such an increase may be profitable, it may be socially inefficient.

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Year of publication:	2005-05-12
Authors:	Dakhlia, Sami ; Menezes, Flavio M. ; Temimi, Akram
Institutions:	EconWPA
Subject:	Research and Development \| Research Joint Ventures \| Process Innovation Games

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Extent:	application/pdf
Series:	Microeconomics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 14 14 pages
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; L1 - Market Structure, Firm Strategy, and Market Performance ; O32 - Management of Technological Innovation and R&D
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005077076