Kabiraj, Tarun; Chattopadhyay, Srobonti - Volkswirtschaftliche Fakultät, … - 2014
This paper studies incentives for cooperative research vis-à-vis non-cooperative research in an incomplete information … framework. We show that with quantity competition under asymmetric information, the expected payoff from non-cooperative … cooperative research. Finally in our model, incomplete information does not affect the consumers’ welfare, but the firms become …