Farsighted R&D networks
(2014) Economics Letters — Vol. 125, n° 3, p. 340-342 (2014)
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- Abstract
- 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.
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Mauleon, A., Sempere-Monerris, J. J., & Vannetelbosch, V. (2014). Farsighted R&D networks. Economics Letters, 125(3), 340-342. https://doi.org/10.1016/j.econlet.2014.10.003 (Original work published 2014)