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| Title: | | Endogenous technology sharing in R&D intensive industries  |
| Authors: | | Clark, Derek J. Sand, Jan Yngve |
| Issue Date: | | 2010 |
| Citation: | | [Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 4 [Issue:] 2010-1 [Pages:] 1-48 [DOI/URN:] doi:10.5018/economics-ejournal.ja.2010-1 |
| Series/Report no.: | | Economics 2010-1 |
| Abstract: | | This paper analyses endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners produce complementary technology advancements, although firms do not co-operate on R&D investment level or in the product market. The equilibrium coalition outcome is either between the two most efficient firms, or a coalition with all three firms. The two-firm coalition is the preferred outcome of a welfare maximising authority if ex ante marginal cost is sufficiently high, and the threefirm coalition is preferred otherwise. Furthermore, we show that the equilibrium outcomes result in the lowest total R&D investment of all possible outcomes. Aircraft engine manufacturing provides a case study, and indicates the importance of antitrust issues as an addition to the theory. |
| Subjects: | | R&D endogenous coalitions asymmetric firms |
| JEL: | | L11 L13 |
| Persistent Identifier of the first edition: | | doi:10.5018/economics-ejournal.ja.2010-1 |
| URL of the first edition: | | http://www.economics-ejournal.org/economics/journalarticles/2010-1 |
| Creative Commons License: | |  |
| Document Type: | | Article |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles
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