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, 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.

Date: 2006
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https://doi.org/10.1111/j.1467-9957.2006.00482.x

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