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| Tekijä: | Wiethaus, L. |
| Otsikko: | Cooperation or competition in R&D when innovation and absorption are costly |
| Lehti: | Economics of innovation and new technology
2006 : SEP, VOL. 15:6, p. 569-589 |
| Asiasana: | absorption costs co-operation innovation R&D |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes cost-reducing R&D investments by companies that behave non-cooperatively. Companies face a trade-off between allocating their R&D investments to innovate or to imitate (absorb). It is found that the non-cooperative behaviour not only induces more imitation (absorption) but also, for the most part, more innovation investments. Only the cooperative behaviour, however, ensures that R&D investments are allocated efficiently to innovation and to imitation (absorption) in the sense that any given amount of industry-wide cost reduction is obtained for the minimum overall R&D costs. |
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