It has long been recognized that it is difficult for an innovating firm to fully appropriate the benefits arising from its innovations, and that desired research might therefore not be performed (Nelson 1959, pp. 297–306). One sometimes possible solution to this dilemma is cooperative R&D conducted by firms who share the costs and benefits of particular R&D projects (Johnson 1973).
- Informal Trading
- Trading Behavior
- Rival Firm
- Direct Competitor
- Industrial Dynamics
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Versions of this chapter appeared earlier in Eric von Hippel, The Sources of Innovation (New York: Oxford University Press, 1988), and in Research Policy 16 (1987): 291–302.
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von Hippel, E. (1989). Cooperation between Rivals: Informal Know-How Trading. In: Carlsson, B. (eds) Industrial Dynamics. Studies in Industrial Organization, vol 10. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1075-1_7
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