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A note on endogenous spillovers in a non-tournament R&D duopoly
journal contributionposted on 2006-05-30, 09:50 authored by Joanna Poyago-Theotoky
The paper analyzes a simple non-tournament model of R&D where firms are engaged in cost-reducing innovation. It is shown that when spillovers of information are treated as endogenous firms never disclose any of their information when choosing their R&D non-cooperatively. Under cooperative R&D, firms will always choose to fully share their information, i.e., a research joint venture will operate with a maximal spillover value.
- Business and Economics
CitationPOYAGO-THEOTOKY, J., 1999. A note on endogenous spillovers in a non-tournament R&D duopoly. Review of Industrial Organization, 15, pp.253-262.
Publisher© Kluwer (Springer)
NotesThis is Closed Access. The article was published in the journal, Review of Industrial Organization [© Springer] and is available at: http://www.springerlink.com/openurl.asp?genre=journal&issn=0889-938X.