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- W1978803199 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." @default.
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- W1978803199 date "2005-06-01" @default.
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- W1978803199 title "Cooperative R&D with Endogenous Technology Differentiation" @default.
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- W1978803199 doi "https://doi.org/10.1111/j.1530-9134.2005.00048.x" @default.
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