Clark, Derek J.; Sand, Jan Yngve - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-1, pp. 1-48
This paper analyses endogenous formation of technology sharing coalitions with asymmetric firms. Coalition partners … produce complementary technology advancements, although firms do not co-operate on R&D investment level or in the product …. The two-firm coalition is the preferred outcome of a welfare maximising authority if ex ante marginal cost is sufficiently …