Kesteloot, Katrien; Veugelers, Reinhilde - In: Journal of Economics & Management Strategy 4 (1995) 4, pp. 651-72
The literature on the incentives for R&D cooperation with spillovers typically deals only with the factors affecting cooperative profits. This paper focuses on the incentives to cheat and the stability of such cooperative agreements in a repeated game framework. It is shown that the stability of...