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Voluntary R&D Cooperation in Experimental Duopoly Markets
The author examines whether for two different levels of technological spillovers, cooperative research and development (R&D) behavior voluntarily arises when firms have communication possibilities. Experimental results indicate that when technological spillovers are complete and subjects communicate, R&D decisions converge to the cooperative level, while in other cases R&D decisions converge towards the Nash equilibrium.
Link
http://www.ua.ac.be/download.aspx?c=*TEWHI&n=14362&ct=009828&e=21490