Coordination costs and research joint ventures

We consider a simple oligopoly model where firms engage in cost-reducing R&D and compare two R&D regimes: R&D competition and R&D cooperation in the form of a research joint venture (RJV). We introduce coordination costs for the RJV and examine how these affect the equilibrium outcomes.

MoreLess

Year of publication:	2013
Authors:	Falvey, Rod ; Poyago-Theotoky, Joanna ; Teerasuwannajak, Khemarat Talerngsri
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 33.2013, C, p. 965-976
Publisher:	Elsevier
Subject:	Research joint venture (RJV) \| Process innovation \| Coordination costs

More details

Type of publication:	Article
Classification:	O30 - Technological Change; Research and Development. General ; L13 - Oligopoly and Other Imperfect Markets ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010738038