THE ROLE OF R&D TECHNOLOGY IN ASYMMETRIC RESEARCH JOINT VENTURES

Sami Dakhlia (), Flavio Menezes () and Akram Temimi

Manchester School, 2006, vol. 74, issue 1, pages 52-63

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. Copyright Blackwell Publishing Ltd and The University of Manchester, 2006.

Date: 2006

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Related works:
Working Paper: The role of R&D technology in asymmetric research joint ventures (2004)
Working Paper: The Role of R&D Technology in Asymmetric Research Joint Ventures (2005)
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