Duso, Tomaso; Röller, Lars-Hendrik; Seldeslachts, Jo - In: The Review of Economics and Statistics 96 (2014) 2, pp. 349-370
This paper tests whether upstream R&D cooperation leads to downstream collusion. We show that a sufficient condition … for identifying collusive behavior is a decline in the market share of firms participating in research joint ventures … for the endogeneity of RJV participation and R&D expenditures. We find robust evidence that large networks between direct …