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- W3121203529 abstract "This paper analyses the endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners produce complementary technology advancements, although each firm determines its R&D investment level non-cooperatively and there is no co-operation in the product market. We show that the equilibrium coalition outcome is either one between the two most efficient firms, or a coalition with all three firms. The two-firm coalition is the preferred outcome of a welfare maximising authority if ex ante marginal cost is sufficiently high, and the three-firm coalition is preferred otherwise. Furthermore, we show that the equilibrium outcomes result in the lowest total R&D investment of all possible outcomes. Aircraft engine manufacturing provides a case study, and indicates the importance of anti-trust issues as an addition to the theory." @default.
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- W3121203529 date "2009-01-01" @default.
- W3121203529 modified "2023-09-23" @default.
- W3121203529 title "Endogenous Technology Sharing in R&D Intensive Industries" @default.
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- W3121203529 doi "https://doi.org/10.2139/ssrn.1726728" @default.
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