Cooperative R&D with endogenous technology differentiation

被引：13
|
作者：
Moltó, MJG [1 ]
Georgantzís, N
Orts, V
机构：
[1] Univ Loughborough, Dept Econ, Loughborough LE11 3TU, Leics, England
[2] Univ Jaume 1, LEE & Econ Dept, Castellon de La Plana 12071, Spain
[3] Univ Jaume 1, IEI LEE & Econ Dept, Castellon de La Plana 12071, Spain
来源：
JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY | 2005年 / 14卷 / 02期
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D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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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页码：461 / 476
页数：16
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