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Preemptive Search and R&D Clustering Revisited

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  • Patrick Van Cayseele

Abstract

The results obtained by Cardon and Sasaki (1998) on R&D clustering are derived under the specific assumption that firms only can own one patent. When multiple patents are allowed, R&D clustering will come about more frequently if search costs are substantial.

Suggested Citation

  • Patrick Van Cayseele, 2001. "Preemptive Search and R&D Clustering Revisited," Working Papers of Department of Economics, Leuven ces0119, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    • Handle: RePEc:ete:ceswps:ces0119
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    More about this item

    Keywords

    R&D clustering; persistence of monopoly;

    JEL classification:

    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies

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