Mukherjee, Arijit; Marjit, Sugata - Centre for Economic Research, School of Economics and … - 2001
We use a duopoly to show how the possibility of licensing ex post R&D affects the decision on R&D organization. We show that whether licensing ex post R&D affects the incentive for doing cooperative R&D depends on the nature of cooperative R&D. If the firms do cooperative R&D to avoid...