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THE ROLE OF R&D TECHNOLOGY IN ASYMMETRIC RESEARCH JOINT VENTURES
Author(s) -
DAKHLIA SAMI,
MENEZES FLAVIO M.,
TEMIMI AKRAM
Publication year - 2006
Publication title -
the manchester school
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.361
H-Index - 42
eISSN - 1467-9957
pISSN - 1463-6786
DOI - 10.1111/j.1467-9957.2006.00482.x
Subject(s) - economics , joint (building) , microeconomics , product (mathematics) , neoclassical economics , industrial organization , mathematical economics , mathematics , architectural engineering , geometry , engineering
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.