992 resultados para Norby, Soren, d. 1530.


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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.

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v. 1. 1453-1530.--v. 2. 1521-1598.--v. 3. 1593-1721.--v. 4. 1714-1796.--v. 5. 1794-1871.