Pourkarimi, Parisa; Atallah, Gamal - In: Economic Review: Journal of Economics and Business 18 (2020) 2, pp. 3-16
This paper studies the impact of cooperative R&D on innovation, welfare, and profitability in vertically related industries with differentiated products. The model incorporates two vertically related industries, with horizontal spillovers within industries and vertical spillovers between them....
