R&D COOPERATION WITH UNIT‐ELASTIC DEMAND

Georg Götz and Anna Hammerschmidt

Bulletin of Economic Research, 2009, vol. 61, issue 2, 179-188

Abstract: The present paper shows that R&D cooperation leads to the monopoly outcome in terms of price and quantity if demand is unit‐elastic. If the demand function exhibits an upper bound for the willingness to pay, R&D cooperation is inferior to a scenario in which firms cooperate both in their R&D and their output decision.

Date: 2009
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https://doi.org/10.1111/j.1467-8586.2008.00292.x

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