Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2069

Title: Cooperative R&D with Endogenous Technology Differentiation
Authors: Gil-Molto, Maria Jose
Georgantzis, Nikolaos
Orts, Vicente
Issue Date: 2005
Publisher: © Blackwell
Citation: GIL-MILTO, M.J., GEORGANTZIS, N. and ORTS, V., 2005. Cooperative R&D with Endogenous Technology Differentiation. Journal of Economics & Management Strategy, 14(2), pp.461–476
Abstract: 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.
Description: This is Restricted Access. This article was published in the journal, Journal of Economics & Management Strategy [© Blackwell] and is available at: http://www.blackwellpublishing.com/journal.asp?ref=1058-6407.
URI: https://dspace.lboro.ac.uk/2134/2069
ISSN: 1058-6407
Appears in Collections:Closed Access (Economics)

Files associated with this item:

File Description SizeFormat
jems05_gil-molto.pdfArticle98.31 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.