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Farsighted R&D networks

Article
Author/s: 
Ana Mauleon, Jose J. Sempere-Monerris, Vincent Vannetelbosch
Economics Letters
Issue number: 
Vol. 125, Issue 3
Publisher: 
Elsevier
Year: 
2014
Journal pages: 
340-342
Journal article [1]
We analyze the formation of bilateral R&D collaborations in an oligopoly when each firm benefits from the research done by other firms it is connected to. In contrast to myopic stability, farsighted stability leads to R&D networks consisting of two minimally connected components, with the largest one comprising three-quarters of firms.
Tags: 
Bargaining Theory [2]
Industrial Organisation [3]

Source URL:http://www.coalitiontheory.net/content/farsighted-rd-networks

Links
[1] http://www.sciencedirect.com/science/article/pii/S0165176514003826 [2] http://www.coalitiontheory.net/research-areas/bargaining-theory [3] http://www.coalitiontheory.net/research-areas/industrial-organisation