Noncooperative,cooperative, and delegative R&D |
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Authors: | Sugata Marjit Heling Shi |
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Abstract: | We discuss alternative organizational forms of research and development in a symmetric duopoly framework. Firms play a noncooperative game at the output stage but can collaborate at the R&D stage. In the absence of patent protection, technology licensing that prevents imitative R&D may emerge as an equilibrium outcome. In general, greater probabilities of success in R&D rule out noncooperative arrangement at the R&D stage. Delegative R&D, where firms move sequentially, tends to dominate the cooperative form of R&D.Department of Economics, Monash University |
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Keywords: | R& D cooperative R& D noncooperative R& D licensing delegative R& D |
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