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Author:González-Maestre, M.
Peñarrubia, D.
Title:Cooperation versus competition in product innovation
Journal:Economics of innovation and new technology
2005 : JUN, VOL. 14:4, p. 305-318
Index terms:Antitrust
Competition
Co-operation
Innovation
Joint business ventures
Patents
Language:eng
Abstract:The optimal antitrust policy is analyzed in the context of a patent race. The conditions under which allowing cooperation yields greater welfare than imposing competition are identified in a simplified model. The current European policy towards R&D cooperation is critically discussed in the light of the results.
SCIMA record nr: 259249
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