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

关键词：

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.

引用

页码：461 / 476

页数：16

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