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R&D networks : theory, empirics and policy implications

König, Michael D.; Liu, Xiaodong; Zenou, Yves - 2014 - This version: February 7, 2014

We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that...

Persistent link: https://www.econbiz.de/10010360035