COOPERATIVE R&D AND COMMITMENT TO A POLICY OF KNOW-HOW TRADING

Mário Alexandre Patrício Martins da Silva ()
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Mário Alexandre Patrício Martins da Silva: Faculdade de Economia da Universidade do Porto

FEP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: In this paper, the commitment to a policy of know-how trading by the participants in an industry is explained by the firms’ attempt to induce the equilibrium of a single industry-wide cooperative research joint venture. In a repeated game framework, we show that pre-commitments by non-cooperative firms to disclose their own know-how to the industry can be effective in inducing cooperative R&D investments by the participants.

Keywords: Cooperative R&D; Know-how trading; Policy (search for similar items in EconPapers)
JEL-codes: L13 O31 O33 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2018-01
New Economics Papers: this item is included in nep-gth, nep-ino and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:por:fepwps:601

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