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No abstract.
Persistent link: https://www.econbiz.de/10010818336
No abstract.
Persistent link: https://www.econbiz.de/10010818439
In this paper, a model of product innovation is developed that endogenizes the degree of cooperation. Two opposing forces affect firm profit in an R&D joint venture. Cooperation increases the quality of the product but it also makes the new products more similar. The increasing substitutability...
Persistent link: https://www.econbiz.de/10005645276