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- W2023002567 abstract "In the standard two-stage framework of R&D/product market competition, this paper provides a performance comparison between monopoly and the cartelized research joint venture, using two well-known models based on different versions of the R&D spillover process. According to the model with a wider scope of application, monopoly always leads to a higher propensity for R&D and, when R&D costs are low, to the best overall market performance. The results also allow for a comparison between the two underlying models of strategic R&D." @default.
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- W2023002567 date "2002-12-22" @default.
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- W2023002567 title "Monopoly versus R&D-integrated Duopoly" @default.
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