The Role Of R&D Technology In Asymmetric Research Joint Ventures
AbstractWe characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed, cooperation in R&D may be accompanied by high concentration in the product market. We show that while such an increase may be profitable, it may be socially inefficient. Copyright Blackwell Publishing Ltd and The University of Manchester, 2006.
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Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School.
Volume (Year): 74 (2006)
Issue (Month): 1 (01)
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Other versions of this item:
- Sami Dakhlia & Flavio M. Menezes & Akram Temimi, 2004. "The role of R&D technology in asymmetric research joint ventures," Cahiers de la Maison des Sciences Economiques b04054, Université Panthéon-Sorbonne (Paris 1).
- Sami Dakhlia & Flavio M. Menezes & Akram Temimi, 2005. "The Role of R&D Technology in Asymmetric Research Joint Ventures," Microeconomics 0505003, EconWPA.
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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