Academic consulting is an important mechanism to transfer tacit knowledge as well as facilitates the transfer of codified knowledge, such as patents. However, not all researchers are equally interested in consulting. A lot of researchers refrain from industry collaboration since external...

This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition. In the first stage, firms decide whether or not to conduct R&D in cooperation with other firms. In the second stage the level of R&D investment is determined. Finally, firms...