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Farsighted R&D networks

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Article
Author/s: 
Ana Mauleon, Jose J. Sempere-Monerris, Vincent Vannetelbosch
Economics Letters
Issue number: 
Vol. 125, Issue 3
Publisher: 
Elsevier
Year: 
2014
Journal pages: 
340-342
We analyze the formation of bilateral R&D collaborations in an oligopoly when each firm benefits from the research done by other firms it is connected to. In contrast to myopic stability, farsighted stability leads to R&D networks consisting of two minimally connected components, with the largest one comprising three-quarters of firms.
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