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- W3124937334 abstract "We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of collaboration networks. In the absence of firm rivalry, the complete network, where each firm collaborates with all others, is uniquely stable, industry-profit maximizing, and efficient. By contrast, under strong market rivalry the complete network is stable, but intermediate levels of collaboration and asymmetric networks are more attractive from a collective viewpoint. This suggests that competing firms may have excessive incentives to form collaborative links." @default.
- W3124937334 created "2021-02-01" @default.
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- W3124937334 date "2002-01-16" @default.
- W3124937334 modified "2023-10-12" @default.
- W3124937334 title "R&D Networks" @default.
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