Now showing items 1-2 of 2
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 ...
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 ...