COLLUSION AND RESEARCH JOINT VENTURES
نویسندگان
چکیده
منابع مشابه
On the Stability of Research Joint Ventures: Implications for Collusion
Though there is a body of theoretical literature on research joint venture (RJV) participation facilitating collusion, empirical tests are rare. Even more so, there are few empirical tests on the general theme of collusion. This note tries to fill this gap by assuming a correspondence between the stability of research joint ventures and collusion. By using data from the US National Cooperation ...
متن کاملSymmetric Research Joint Ventures
We introduce the concept of cooperative substitutes and complements, and use it to throw light on the conditions for a research joint venture to choose equal levels of R&D by all member firms. We show that the second-order conditions for a symmetric optimum take a particularly simple form, ruling out both excessive cooperative substitutability and excessive cooperative complementarity, and nest...
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It is shown that R & D joint ventures make it more likely that firms will be able to sustain tacit product-market collusion, all else equal. JEL classification: LI3; 032
متن کاملCoordinating research through research joint ventures
In a simple model, we show that a joint venture can implement the rates of investment that maximize joint profit when firms’ research abilities are private information. This can be done with budget balance, even though there are participation constraints. There is no conflict between budget balance and participation constraints because firms’ payoffs can depend on ex post signals of abilities. ...
متن کاملResearch Joint Ventures and Price Collusion: Joint Analysis of the Impact of R&D Subsidies and Antitrust Fines
This paper analyzes the joint design of innovation and competition policy. It focuses on collusion sustainability changes due to implementation of antitrust fines and R&D subsidies in an extension of a model by Miyagiwa (2009). Generic subsidies for R&D are found not to facilitate collusion, while additional subsidization to research joint ventures (RJVs) can be collusion facilitating. We also ...
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ژورنال
عنوان ژورنال: The Journal of Industrial Economics
سال: 2009
ISSN: 0022-1821,1467-6451
DOI: 10.1111/j.1467-6451.2009.00399.x