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Competing or Colluding in a Stochastic Environment Author info | Abstract | Publisher info | Download info | Related research | Statistics Adriana Breccia (Univertsity of York)
Hector Salgado-Banda (Banco de Mexico)
This paper analyses collusion by innovative firms and the role of patents in a continuous-time real options framework. A patent-investment race model is formulated in which innovative firms bargain and reach collusive agreements. It is shown that, while collusion always delays innovation, it does not necessarily delay competition. Depending on a number of factors, collusion can actually accelerate competitio
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Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2006 with number
423.
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Date of creation: 04 Jul 2006Date of revision:
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Find related papers by JEL classification: C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory D8 - Microeconomics - - Information, Knowledge, and Uncertainty K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Marshall, Robert C & Meurer, Michael J & Richard, Jean-Francois, 1994.
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