The paper deals with the trafeoff between market competition and incentive to R&D. It provides an IO model showing that, in some imperfectly competitive contexts, vertical integration is a second best, socially prefrable to horizontal collusion in R&D. [...]
Vertical Integration and Technological Spillovers
PASSARELLI, Francesco
1996-01-01
Abstract
The paper deals with the trafeoff between market competition and incentive to R&D. It provides an IO model showing that, in some imperfectly competitive contexts, vertical integration is a second best, socially prefrable to horizontal collusion in R&D. [...]File in questo prodotto:
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