-reducing R&D activities as well as to form a Research Joint Venture, in the presence of R&D spillovers. We show that, in contrast … to the "hold up" argument, if firms invest non-cooperatively and spillovers are low, R&D investments are higher when an … of the wage-setting, with the incentives being stronger under an industry-wide union if and only if spillovers are low …

production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as … between spillovers, R&D efforts, and surpluses is non-monotonic and dependent on both the relative and absolute efficiency of … firms. Larger spillovers increase the likelihood that a new technology is brought to production, but they do not necessarily …

Cournot duopoly where knowledge spillovers are endogenously determined via the R&D process. The game produces multiple steady …

spillovers are endogenously determined via the R&D process. The game produces multiple steady states, allowing for an asymmetric …

Cournot duopoly where knowledge spillovers are endogenously determined via the R&D process. The game produces multiple steady …

production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as … between spillovers, R&D efforts, and surpluses is non-monotonic and dependent on both the relative and absolute efficiency of … firms. Larger spillovers increase the likelihood that a new technology is brought to production, but they do not necessarily …

equilibrium) in a differentiated duopoly with process innovation. One of the important features in this paper is that spillovers …