Bruno, Versaevel; Désiré, Vencatachellum - In: The B.E. Journal of Economic Analysis & Policy 9 (2009) 1, pp. 1-42
There is evidence that competing firms outsource R&D to the same independent for-profit laboratory. We draw on this stylized fact to construct a model where two firms in the same industry offer transfer payments in exchange for user-specific R&D services from a common laboratory. Inter-firm and...