{"title":"The Role of R&D Technology in Asymmetic Research Joint Ventures","authors":"Sami Dakhlia, F. Menezes, A. Temimi","doi":"10.1111/j.1467-9957.2006.00482.x","DOIUrl":null,"url":null,"abstract":"We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed, cooperation in R&D may be accompanied by high concentration in the product market. We show that while such an increase may be profitable, it may be socially inefficient.","PeriodicalId":130467,"journal":{"name":"Wiley-Blackwell: Manchester School","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2006-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Wiley-Blackwell: Manchester School","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/j.1467-9957.2006.00482.x","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
Abstract
We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed, cooperation in R&D may be accompanied by high concentration in the product market. We show that while such an increase may be profitable, it may be socially inefficient.
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