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- W346399166 abstract "This paper considers the impact of price-cap regulation on R&D and theincentive of firms to form research joint ventures. Using a symmetric two-stageduopoly model of cost-reducing R&D with multiple forms of research cooperation,we find that R&D is greatest when firms fully cooperate in research and share allresearch knowledge. Price-cap regulation, however, appears to have a small butnegative effect on R&D, leading to lower total welfare." @default.
- W346399166 created "2016-06-24" @default.
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- W346399166 date "1970-01-01" @default.
- W346399166 modified "2023-09-27" @default.
- W346399166 title "Price-Cap Regulation and The Incentive To Cooperate In Research" @default.
- W346399166 doi "https://doi.org/10.54155/jbs.28.1.81-95" @default.
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