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               <dc:title>Research joint ventures in an international economy</dc:title>
               <dc:creator>Motta, Massimo</dc:creator>
               <dc:subject>Labour, Public, Development and Health Economics</dc:subject>
               <dc:description>D&amp;apos;Aspremont and Jacquemin&amp;apos;s (1988) model is extended to study
alternative configurations of research agreements in a two--country integrated
world economy. Under unambiguous conditions on spillovers we show that:
1) Allowing national firms to cooperate in R\&amp;amp;D confers them an advantage
over foreign rivals, an effect similar to R\&amp;amp;D subsidies. 2) In a policy
game, each government would allow national cooperative agreements. 3) Contrary
to other trade policies which lead to a ``prisoners&amp;apos; dilemma&amp;apos;&amp;apos; result,
welfare in both countries increases when they both allow R\&amp;amp;D cooperation.
4) Welfare is even higher if a generalized (international) coalition is
formed.</dc:description>
               <dc:date>2017-07-26T10:51:00Z</dc:date>
               <dc:date>2017-07-26T10:51:00Z</dc:date>
               <dc:date>1995-11-01</dc:date>
               <dc:date>2017-07-23T02:02:15Z</dc:date>
               <dc:type>info:eu-repo/semantics/workingPaper</dc:type>
               <dc:relation>Economics and Business Working Papers Series; 147</dc:relation>
               <dc:rights>L&amp;apos;accés als continguts d&amp;apos;aquest document queda condicionat a l&amp;apos;acceptació de les condicions d&amp;apos;ús establertes per la següent llicència Creative Commons</dc:rights>
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