TY  - GEN
AB  - We study the evolution of R&D networks in a Cournot model where
firms may lower marginal costs due to bilateral R&D collaborations.
Stochastically stable R&D networks exhibit the dominant group architecture,
and, contrary to the existing literature, generically unique
predictions about the size of the dominant group can be obtained. This
size decreases monotonically with respect to the cost of link formation
and there exists a lower bound on the size of the dominant group for
non-empty networks. Stochastically stable networks are always inef-
ficient and an increase in linking costs has a non-monotone effect on
average industry profits.
DA  - 2012
DO  - 10.4119/unibi/2915321
KW  - R&D Networks
KW  - Oligopoly
KW  - Stochastic Stability
LA  - eng
PY  - 2012
SN  - 2196-2723
SP  - 27-
TI  - The Evolution of R&D Networks
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29153214
Y2  - 2024-11-22T03:54:38
ER  -