Since 1980, firms have made increasing use of joint ventures, networkbased arrangements, and other forms of intermediate transacting modes for both domestic and overseas projects [2]. However, many of these cooperative initiatives have performed poorly; estimates of the failure rate sustained by multinational joint ventures, for example, range from 37-70% of all those formed [8, 10]. Can histor...

Alliances represent a variety of governance contexts, and hence provide a rich empirical setting for studying the value-creation mechanisms of Information Technology (IT). We examine the influence of IT investment and flexible IT infrastructure, through Service Oriented Architecture (SOA), in the effect of alliance activity on firm performance. We find that the marginal contribution of each joi...

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 ...

This paper identiies an overlooked implication of models of research joint ventures initiated by d'Aspremont and Jacquemin (1988). Even though the aggregate R&D cost of identical rms in a research joint venture would be lowest if they invested equally to reduce subsequent production costs, nonetheless members may often enlarge their overall joint proot by making unequal investments. Such a stra...