R&D spillovers and strategic delegation
✍
Matthias Kräkel
📂
Article
📅
2004
🏛
John Wiley and Sons
🌐
English
⚖ 149 KB
## Abstract Considering oligopolistic contests with R&D spillovers and strategic delegation three results can be obtained: (1) There exist multiple asymmetric equilibria where one owner highly favors sales as a basis for his manager's incentives which drives the other firm out of the market. (2) If