Knowledge Accumulation in an R&d Network
نویسنده
چکیده
In this chapter we propose an oligopoly mode] where firms invest in cost zeducing R&D for producing homogeneous goods that are sold in a market. In particular, we assume that R&D efforts build up a "stock of lmowledge", which, in tura, redúces margina] costs of production. Moreover, though ail firms are competitors in the marketplace, they can decide to collaborate through cooperation agreements in a network for sharing their R&D results.
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