The paper aims at extending the analysis of the firm's absorptive capacity (AC) by taking stock of its manifold nature. Innovation cooperation is recognised as one of its antecedents, along with R&D, but with different possible outcomes, depending on the kind of partner. Human capital is claimed...

Die wachsende Verbreitung von FuE-Kooperationen zwischen konkurrierenden Unternehmen führt zu der Frage, ob, und wenn ja, unter welchen Bedingungen diese Kooperationen den Wettbewerb beschränken. Die Analyse der möglichen Wohlfahrtseffekte, die von FuE-Kooperationen ausgehen, zeigt, daß sie...

I develop a model of R&D cooperation with uncertain research outcomes. In this model asymmetric outcomes of R&D competition emerge naturally. Therefore ex-ante and ex-post R&D cooperation can be studied as alternatives for firms. Using this model I compare welfare losses under ex-ante and...