Honma, Satoshi; Chang, Ming-Chung - Faculty of Economics, Kyushu Sangyo University - 2010
, namely, industry-wide cooperation, within-group cooperation, and non-cooperation. In stage 2, firms engage in a Cournot … recycling R&D efforts in normal situations, regardless of whether R&D cooperation takes place. We compare second-best social … welfare levels under the three regimes described above. We find that both non-cooperation and within-group cooperation are …