Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159349
Authors: 
Lambertini, Luca
Rossini, Gianpaolo
Year of Publication: 
2004
Series/Report no.: 
Quaderni - Working Paper DSE 508
Abstract: 
We reassess the respective gains from R&D cooperation and competition in a Cournot Duopoly with homogeneous goods, where firms adopt a concave cost-reducing R&D technology. Contrary to the previous literature on the same topic, our main results are that (i) no corner solutions emerge and (ii) cooperation, in the form of either a cartel or a joint venture, is always profitable for firms and (iii) socially superior to independent ventures, provided that spillovers are sufficiently high.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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