Duso, Tomaso; Röller, Lars-Hendrik; Seldeslachts, Jo - 2010
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting … where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product … Cooperation Research Act, we estimate a market share equation correcting for the endogeneity of RJV participation and R&D …