Dawid, Herbert; Hellmann, Tim - In: Journal of Economic Behavior & Organization 105 (2014) C, pp. 158-172
We study the evolution of R&D networks in a Cournot model where firms may lower marginal costs due to bilateral R&D collaborations. Stochastically stable R&D networks exhibit the dominant group architecture, and, contrary to the existing literature, generically unique predictions about the size...