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The decision to cooperate within R&D joint ventures is often based on expert advice such advice typically originates in a due diligence process, which assesses the R&D joint ventures profitability, for example, by appraising the achievability of synergies. We show that if the experts who advise...
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The standard innovation race specification assumes a memoryless exponential distribution for the time to success of an … cooperative R&D in terms of innovation effort, consumer surplus, and net social welfare. innovation, research & development, R …
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