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discourages entry and reduces innovation incentives, while horizontal integration always benefits from entry and innovation …
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more likely in situations where the innovation step is large and the probability for a firm to be the only innovator is …
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The aim of this paper is to test the determinants of Research Joint Ventures' (RJVs) group dynamics. We look at entry, exit and turbulence in RJVs that have been set up under the US National Cooperative Research Act, which allows for certain antitrust exemptions in order to stimulate firms to...
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