Optimal Asymmetric Strategies in Research Joint Ventures.

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

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Year of publication:	1997
Authors:	Salant, S.W. ; Shaffer, G.
Institutions:	Michigan - Center for Research on Economic & Social Theory
Subject:	RESEARCH AND DEVELOPMENT \| ENTERPRISES

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Series:	Michigan - Center for Research on Economic & Social Theory.
Type of publication:	Book / Working Paper
Notes:	17 pages
Classification:	O30 - Technological Change; Research and Development. General ; O32 - Management of Technological Innovation and R&D
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005646589