Lee, Jeho; Park, Seung Ho; Ryu, Young; Baik, Yoon-Suk - In: Research Policy 39 (2010) 2, pp. 229-238
Recently, proponents of interfirm R&D collaboration have emphasized its benefits. We develop a dynamic model of Schumpeterian competition to examine whether such collaboration is indeed beneficial in the long run. We find that interfirm R&D collaboration is more likely to be a losing strategy...