A further note on endogenous spillovers in a non-tournament R&D duopoly
- Autori: Tesoriere, A
- Anno di pubblicazione: 2008
- Tipologia: Articolo in rivista (Articolo in rivista)
- Parole Chiave: Endogenous asymmetry, Endogenous spillovers, R&D collusion
- OA Link: http://hdl.handle.net/10447/46990
Abstract
This note considers the paper of Poyago Theotoky (1999) on stretegic R&D with endogenous spillovers. It proves through an example that, under R&D collusion, optimality sometimes requires either minimal or asymmetric spillovers. It also provides a simple sufficient condition for optimal spillovers between colluding firms to involve maximal spillovers.