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Research joint ventures, product differentiation, and price collusion

✍ Scribed by Luca Lambertini; Sougata Poddar; Dan Sasaki

Book ID: 117360826
Publisher: Elsevier Science
Year: 2002
Tongue: English
Weight: 288 KB
Volume: 20
Category: Article
ISSN: 0167-7187
DOI: 10.1016/s0167-7187(00)00082-5

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In this paper we extend the existing literature on research and development (R&D) investments and research joint ventures (RJVs) in two important ways. First, we analyze and compare the case where firms collude in the product market to the benchmark case of competition in the output market. Second,