Summary
This paper deals with an oligopolistic industry characterised by the joint presence of firms which adopt cooperative and noncooperative conducts in R&D activities before competing in outputs. The effects of different levels of information sharing of the R&D outcomes among cooperative firms on firms profit and social welfare are analysed. In this framework low spillover degree assures that private incentive to cooperate in R&D activities coincide with the social incentive to maximise economic welfare.
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References
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© 2000 Springer-Verlag Berlin Heidelberg
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Campisi, D., Mancuso, P. (2000). Cooperative and Noncooperative R&D Activities in an Oligopolistic Market. In: Inderfurth, K., Schwödiauer, G., Domschke, W., Juhnke, F., Kleinschmidt, P., Wäscher, G. (eds) Operations Research Proceedings 1999. Operations Research Proceedings 1999, vol 1999. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58300-1_31
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DOI: https://doi.org/10.1007/978-3-642-58300-1_31
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-67094-0
Online ISBN: 978-3-642-58300-1
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