Goyal, Sanjeev; Moraga-González, José Luis; … - In: Journal of the European Economic Association 6 (2008) 6, pp. 1309-1338
We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...