The paper presents a game theoretic model of technology cooperation where a developing country firm has the options of either developing an innovation alone, purchasing information or collaborating with a developed country firm. Technology cooperation changes the probability of success of commercialization.  2000 Elsevier Science S.A. All rights reserved.

"If there are two or more ways to do something, and one of those ways can result in a catastrophe, then someone will do it." The economic history of the world is replete with recessions and depressions. From the bursting of the British South Sea Bubble and the French Mississippi Bubble in 1720 (which at least one economic historian claims delayed the industrial revolution by 50 years) to the in...