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R&D Cooperation Between Impatient Rivals

Zhiyong YaoBingyong Zheng

出版	SSRN, 2016
URL	http://books.google.com.hk/books?id=KLDdzwEACAAJ&hl=&source=gbs_api

註釋

We analyse R&D cooperation between product-market competitors within a repeated-game framework with imperfect monitoring. When firms are patient enough, R&D cooperation is attainable without product-market collusion. However, if firms are less patient, we show that collusion in the product market is necessary to sustain R&D cooperation. Moreover, consumers can be better off when collusion is allowed in this case.