The gains from cooperative R&D with a concave technology and spillovers

Lambertini, Luca ; Rossini, Gianpaolo (2004) The gains from cooperative R&D with a concave technology and spillovers. p. 19. DOI 10.6092/unibo/amsacta/1546.
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Abstract

We reassess the respective gains from R&D cooperation and competition in a Cournot Duopoly with homogeneous goods, where firms adopt a concave cost-reducing R&D technology. Contrary to the previous literature on the same topic, our main results are that (i) no corner solutions emerge and (ii) cooperation, in the form of either a cartel or a joint venture, is always profitable for firms and (iii) socially superior to independent ventures, provided that spillovers are sufficiently high.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Rossini, Gianpaolo
Keywords
process innovation, R&D cooperation, joint ventures
Subjects
DOI
Deposit date
15 Feb 2006
Last modified
17 Feb 2016 14:32
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