Zirulia, Lorenzo - In: Economics Bulletin 12 (2006) 1, pp. 1-6
In this paper, we extend the model of R and D network formation by Goyal and Moraga-Gonzàlez (2001) by allowing for imperfect spillovers among linked firms. We show that the complete network maximizes industry profit if spillovers for linked firms are below a threshold level. Furthermore, this...
