Technological endowments in entrepreneurial partnerships

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Abstract

This paper discusses a novel argument to interpret the importance of thinking of collaborative partnerships in pre-competitive agreements. To do so, we adopt a dynamic iterative process to model technology diffusion between the partners of an agreement. We find that the success of an agreement of a given length hinges around identifying the suitable efficient combinations of the initial technological endowments of partners. As the time horizon of the agreement expands, the probability of identifying a suitable partner decreases, thus justifying the prevalence of short-horizon R&D agreements.

Keywords

Cantor set Technology diffusion Logistic function Discrete time 

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Copyright information

© Springer Science+Business Media New York 2012

Authors and Affiliations

  1. 1.CODE and Departament d’EconomiaUniversitat Autònoma de BarcelonaBellaterraSpain
  2. 2.Dept. d’Economia AplicadaUniversitat Autònoma de BarcelonaBellaterraSpain

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