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. Copyright Blackwell Publishing Ltd and The University of Manchester, 2006.

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Year of publication:	2006
Authors:	DAKHLIA, SAMI ; MENEZES, FLAVIO M. ; TEMIMI, AKRAM
Published in:	Manchester School. - School of Economics, ISSN 1463-6786. - Vol. 74.2006, 1, p. 52-63
Publisher:	School of Economics

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005676513