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The statutory definition of a partnership is the “relation which subsists between persons carrying on a business in common with a view of profit”. Those persons could be natural persons, or other legal entities such as companies or trustees. However, a registered company under the Companies...
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We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...
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In this essay I discuss the role of cooperation in the process of innovation. I argue for a reorientation of the way we … conceptualize economic behavior, taking account of the centrality of cooperation as a driving force of economic dynamism. I also … seek to distinguish between different forms of cooperation - 'negative' cooperation, based on coercion and survival needs …
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