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The Role Of R&D Technology In Asymmetric Research Joint Ventures

Author

Listed:
  • SAMI DAKHLIA
  • FLAVIO M. MENEZES
  • AKRAM TEMIMI

Abstract

We 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.

Suggested Citation

  • Sami Dakhlia & Flavio M. Menezes & Akram Temimi, 2006. "The Role Of R&D Technology In Asymmetric Research Joint Ventures," Manchester School, University of Manchester, vol. 74(1), pages 52-63, January.
    • Handle: RePEc:bla:manchs:v:74:y:2006:i:1:p:52-63
    DOI: 10.1111/j.1467-9957.2006.00482.x
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    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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