Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - Volkswirtschaftliche Fakultät, … - 2013
We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...