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- W4313293852 abstract "In the standard two‐stage framework of R&D/product market competition, the present note compares the performance of full cooperation (firms conduct R&D in a joint lab and collude in the product market) and full competition (firms compete in R&D as well as in the product market). The paper shows that (i) full cooperation leads to better results in terms of R&D efforts compared with non‐cooperation; (ii) collusion at the production stage may increase both producers' and consumers' surplus especially when the degree of spillovers is not too high and the products are not homogeneous; (iii) the gains in terms of social welfare from full cooperation increase when the efficiency of R&D decreases." @default.
- W4313293852 created "2023-01-06" @default.
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- W4313293852 date "2008-06-28" @default.
- W4313293852 modified "2023-10-11" @default.
- W4313293852 title "R&D COOPERATION AND COLLUSION: THE CASE OF JOINT LABS" @default.
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- W4313293852 doi "https://doi.org/10.1111/j.1467-9957.2008.01067.x" @default.
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