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Imprint: | Centre de Referencia en Economia Analítica, 2006 |
Description: | 31 p. |
Abstract: | This paper aims at assessing the importance of the initial technological endowments when firms decide to create R&D agreements. We study a Bertrand duopoly where firms evaluate the returns of an agreement according to its length. A learning process allows us to depict a close connection between firms' technology and the possibility to achieve a positive outcome from creating an agreement. Moreover, as far as learning is modeled as an iterative process, a suitable set of initial conditions is the basic factor leading to successful ventures. |
Rights: | Tots els drets reservats. |
Language: | Anglès |
Series: | Barcelona economics working papers series; 101 |
Document: | Working paper |
Subject: | Empreses ; Innovacions tecnològiques ; Duopolis ; Firm agreements ; Learning ; Open innovation |
31 p, 159.7 KB |