Cooperative R&D with Endogenous Technology Differentiation
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 iden...
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| Main Authors: | , , |
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| Format: | Default Article |
| Published: |
2005
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/2069 |
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