Journal article
Authors list: Goetz, Georg; Hammerschmidt, Anna
Publication year: 2009
Pages: 179-188
Journal: Bulletin of Economic Research
Volume number: 61
Issue number: 2
ISSN: 0307-3378
DOI Link: https://doi.org/10.1111/j.1467-8586.2008.00292.x
Publisher: Wiley
Abstract:
The present paper shows that R&D cooperation leads to the monopoly outcome in terms of price and quantity if demand is unit-elastic. If the demand function exhibits an upper bound for the willingness to pay, R&D cooperation is inferior to a scenario in which firms cooperate both in their R&D and their output decision.
Citation Styles
Harvard Citation style: Goetz, G. and Hammerschmidt, A. (2009) R&D COOPERATION WITH UNIT-ELASTIC DEMAND, Bulletin of Economic Research, 61(2), pp. 179-188. https://doi.org/10.1111/j.1467-8586.2008.00292.x
APA Citation style: Goetz, G., & Hammerschmidt, A. (2009). R&D COOPERATION WITH UNIT-ELASTIC DEMAND. Bulletin of Economic Research. 61(2), 179-188. https://doi.org/10.1111/j.1467-8586.2008.00292.x
Keywords
Antitrust; cartelization; DUOPOLY; O31; R&D cooperation; RESEARCH JOINT VENTURES; SPILLOVERS
