Welfare of vertical R&D cooperation and competition

  • Rufei Ma
  • Published 2013 in
    2013 International Conference on Engineering…
This paper analyzes the social welfare of vertical dynamical R&D cooperation and competition. By comparing the social welfare of two different R&D strategies, I show that the social welfare of R&D cooperation is significant larger than that of competition strategy in long term, I also show that the social welfare will increase as cooperation deepening.