This paper analyses R&D cooperation with asymmetric spillovers. It is shown that the change in R&D by a firm following … cooperation is proportional to the gap between the spillover rate transmitted by that firm and a critical level of spillovers. In … with symmetric spillovers cooperation is always beneficial to firms, with asymmetric spillovers only a very limited range …

profitable for low and high levels of spillovers, and unprofitable for intermediate levels of spillovers; moreover, the range of … spillovers such that a merger is unprofitable due to R&D increases with concentration. Cooperative R&D without information … sharing makes such mergers profitable for low spillovers, but unprofitable for high spillovers. Cooperative R&D with …

The paper proposes a new type of R&D cooperation between firms endowed with asymmetric spillovers, which we call … symmetric RJV cartelization constitutes an equilibrium for a very wide range of spillovers, namely, when asymmetries between … spillovers are not too large. As these asymmetries increase, the equilibrium goes from symmetric RJV cartelization, to RJV …

This paper analyses R&D cooperation with asymmetric spillovers. It is shown that the change in R&D by a firm following … cooperation is proportional to the gap between the spillover rate transmitted by that firm and a critical level of spillovers. In … with symmetric spillovers cooperation is always beneficial to firms, with asymmetric spillovers only a very limited range …

This paper analyzes the role of absorptive capacity in R&D spillovers through strategic R&D investments in a game …

&D spillovers. We show that, for the domestic firm, the cooperative RJV dominates and licensing is the least desirable alternative …

The paper analyzes the profitability of RDcooperation under asymmetric spillovers. It is shown that a firm prefers …