Farsighted R&D networks

6533b853fe1ef96bd12acba7

RESEARCH PRODUCT

Farsighted R&D networks

José J. Sempere-monerris José J. Sempere-monerris Vincent Vannetelbosch Vincent Vannetelbosch Ana Mauleon Ana Mauleon

subject

Connected component Economics and Econometrics R&D collaborations Stability (learning theory)medicine.disease Farsightedness Oligopoly Commerce farsightedness networks medicine Economics oligopoly Mathematical economics Finance

description

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.

year	journal	country	edition	language
2014-12-01

10.1016/j.econlet.2014.10.003 https://hdl.handle.net/2078.1/152199

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