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- W1856556253 abstract "In our article published in this Review (volume 78, no. 5, December 1988, pp. 1133–37), we have shown that in the presence of sufficient spillovers of the R&D benefits, duopolists, cooperating in R&D but not in the output, spend more on R&D than noncooperating firms at both stages, and also produce more output, closest to the socially optimal level. A second symmetric result is that for small spillovers, duopolists cooperating neither in R&D nor in output spend more on R&D and produce more output than cooperative firms. However, this result has been obscured by an obvious inequality inversion and other typos implying a modification in the conclusions. Indeed in fn. 13 on p. 1135 one should have that x > x∗ iff" @default.
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- W1856556253 date "1990-01-01" @default.
- W1856556253 modified "2023-10-10" @default.
- W1856556253 title "Cooperative and Noncooperative R&D in Duopoly with Spillovers : Erratum" @default.
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