Aoyama, Naoto; Silva, Emilson C. D. - 2017
firms (foreign) has superior technology. The government regulates the duopoly by levying a pollution tax to maximize … domestic welfare. We consider the potential implementation of three innovation agreements: cooperative research joint venture … (RJV), non-cooperative RJV and licensing. In the cooperative (non-cooperative) RJV, the firms (do not) internalize R …