Cooperative R&D with Endogenous Technology Differentiation

Maria Jose Gil Molto (), Nikolaos Georgantzís () and Vicente Orts
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Vicente Orts: Universitat Jaume I

Industrial Organization from EconWPA

Abstract: The choice of a particular technology when there is a set of them available to firms has not appeared in the R&D literature yet. We show some examples and present a model in which firms choose their technologies from a continuum of available profiles and the resulting spillovers depend on the compatibility among firms' R&D technologies. Our results indicate that non-cooperating firms are interested in using the same or very similar technologies. Therefore firms seek to establish coordination mechanisms such as patent pools or Research Joint Ventures. A RJV leads to higher levels of social welfare than patent pools or the non-cooperative case.

Keywords: r&d; rjv; patent; pools; cooperation (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino
Date: 2004-01-29
Note: Type of Document - pdf; prepared on Win98; pages: 27; figures: 2
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Journal Article: Cooperative R&D with Endogenous Technology Differentiation (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpio:0401009

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