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This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition. In the first stage, firms decide whether or not to conduct R&D in cooperation with other firms. In the second stage the level of R&D investment is determined. Finally, firms...
Persistent link: https://www.econbiz.de/10001604531
This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition. In the first stage, firms decide whether or not to conduct R&D in cooperation with other firms. In the second stage the level of R&D investment is determined. Finally, firms...
Persistent link: https://www.econbiz.de/10011441694
"Business Angels" spielen in der Frühphase für die Finanzierung von jungen Hightech- Unternehmen eine wichtige Rolle. Sie übernehmen dabei die noch vor wenigen Jahren von Risikokapitalunternehmen ausgefüllte Rolle des wichtigsten Gebers von externem Eigenkapital für neue...
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