Zhang, Yanfang; Mei, Shue; Zhong, Weijun - In: Journal of Economics 112 (2014) 2, pp. 115-136
In a two-stage Cournot oligopoly where a subset of firms first make a choice between two alternative production technologies independently and then all firms compete in quantity, the effect of information spillovers is analyzed when the outcome of R&D is uncertain. It is shown that the range of...