Cooperative R&D with endogenous technology differentiation
| Data(s) |
01/06/2005
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|---|---|
| Resumo |
We study a nontournament R&D duopoly. Before the standard R&D investment and quantity-setting stages, we consider a stage in which firms choose their R&D technologies. Spillovers negatively depend on R&D technology differentiation. We show that, in equilibrium, firms will choose identical or very similar R&D processes. Such equilibria may entail less differentiation than would be dictated by social welfare maximization. |
| Formato |
text |
| Identificador |
http://centaur.reading.ac.uk/34785/1/jems1.pdf Gil Molto, M. J., Georgantzis, N. <http://centaur.reading.ac.uk/view/creators/90005528.html> and Orts, V. (2005) Cooperative R&D with endogenous technology differentiation. Journal of Economics and Management Strategy, 14 (2). pp. 461-476. ISSN 1058-6407 doi: 10.1111/j.1530-9134.2005.00048.x <http://dx.doi.org/10.1111/j.1530-9134.2005.00048.x> |
| Idioma(s) |
en |
| Publicador |
Wiley |
| Relação |
http://centaur.reading.ac.uk/34785/ creatorInternal Georgantzis, Nikos 10.1111/j.1530-9134.2005.00048.x |
| Tipo |
Article PeerReviewed |
