| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1996 |
| DP1996 Can Fundamentals Explain Cross-Country Correlations of Asset Returns | |
| Fernando Restoy; Rosa Rodríguez | |
| 发表日期 | 1998-11-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | Firms' incentives to form research joint ventures (RJVs) are analysed in an incomplete information framework when technological know-how is private information. Firms first decide on cooperation and information revelation and then compete for a patent. Provided that spillovers exist in the case of unilateral revelation of know-how, it can be shown that non-cooperation is always an equilibrium. If competition is in a second-price auction with positive minimum R&D requirements this equilibrium is unique for high spillovers. Cooperation can occur for low spillovers. For certain parameters there exists an equilibrium in which only firms with low know-how cooperate. |
| 主题 | Industrial Organization |
| 关键词 | Incomplete information Research joint ventures Second-price auction Spillovers |
| URL | https://cepr.org/publications/dp1996 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531142 |
| 推荐引用方式 GB/T 7714 | Fernando Restoy,Rosa Rodríguez. DP1996 Can Fundamentals Explain Cross-Country Correlations of Asset Returns. 1998. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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