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• W1536029043 abstract "This paper analyses the desirability of RJV formation when firms may choose their R&D investment before or after any demand uncertainty is resolved. If a R&D leader accommodates a follower, multiple Nash equilibria are possible under both R&D competition and RJV formation. If a R&D leader prevents activity by the follower, this is only expected to be profitable at very low spillover and unit R&D cost levels. Whether R&D leadership when competing in R&D is expected to be more profitable than waiting and forming a RJV will depend on unit R&D costs and spillovers. Maximising expected welfare may require an active role for government." @default.
• W1536029043 created "2016-06-24" @default.
• W1536029043 creator A5034556207 @default.
• W1536029043 date "2014-08-01" @default.
• W1536029043 modified "2023-09-27" @default.
• W1536029043 title "Demand Uncertainty, R&D Leadership and Research Joint Ventures" @default.
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