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Efficiency in complementary partnerships with competition
(Working paper; Arbeidsnotat, 2006-01)
This paper investigates a market with strictly complementary inputs, with
a particular emphasis on how efficiency can be implemented when the productive
firms undertake unobservable effort. It is shown that simple linear sharing
rules cannot implement socially optimal effort, but a modified linear sharing
rule can implement the first-best outcome and a restricted linear sharing rule
can be used ...
Endogenous technology sharing in R&D intensive industries
(Working paper; Arbeidsnotat, 2006-06-26)
This paper analyses the endogenous formation of technology sharing coalitions with asymmetric
firms. Coalition partners enjoy perfect spillovers from technology advancements by
their coalition partners, but each firm determines its R&D investment level non-cooperatively
and there is no co-operation in the product market. We show that the equilibrium coalition
outcome is one between the two most ...