Semi-collusion and innovation: friends or foes?
It is commonly held that firms engaging in collusive activities adversely affect firms' R&D incentives and social welfare. With a stochastic non-tournament R&D competition, we argue that this pessimistic view does not necessarily hold when firms collude in production but compete in other non-product...
| Published in: | Oxford Economic Papers Vol. 78; no. 3; pp. 915 - 935 |
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| Main Authors: | , |
| Format: | Article |
| Published: |
Oxford University Press / USA
Jul2026
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |