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. © 2012 Springer Science+Business Media New York.
|Journal||Computational and Mathematical Organization Theory|
|Publication status||Published - 1 Dec 2013|
- Cantor set
- Discrete time
- Logistic function
- Technology diffusion