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On R&D spillovers, multiple equilibria and indeterminacy

✍ Scribed by Been-Lon Chen; Angus C. Chu

Publisher: Springer Vienna
Year: 2010
Tongue: English
Weight: 350 KB
Volume: 100
Category: Article
ISSN: 1617-7134
DOI: 10.1007/s00712-010-0132-5

No coin nor oath required. For personal study only.

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## 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