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Private R&D and Spillovers in European Agriculture

โœ Scribed by Oscar Alfranca


Publisher
Springer US
Year
2005
Tongue
English
Weight
182 KB
Volume
11
Category
Article
ISSN
1083-0898

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R&D spillovers and strategic delegation
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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