In this essay, I have tried to show that the European Union inititiatives towards science and technology, ostensibly in the interest of promoting employment and growth through technological advancement, have side effects that undermine the very purpose at which they aim. The funding formula and...

Firms may coordinate their R&D decisions by a merger or an R&D alliance. The European Union stimulates R&D alliances. It expects that these stimulate R&D investments, and guarantee that the cooperating firms compete in the product market. The alliances may, however, stimulate firms to collude in...

We analyse the impact of R&D cooperation on firm performance differentiating between four types of R&D partners (competitors, suppliers, customers, and universities & research institutes), and considering two performance measures: labour productivity and productivity in innovative (new to the...