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Joint Product Development Between Domestic Firms: Some Policy Issues

Author

Listed:
  • Prabal Roy Chowdhury

    (Indian Institute of Management, Calcutta)

Abstract

We examine some policy issues pertaining to joint product development between domestic firms. We show that under a joint venture the probability of success is lower compared to that under competitive R&D. Moreover, the social surplus may also be lower under cooperative product development. These results seriously question the wisdom of providing special treatment to technology oriented joint ventures.

Suggested Citation

  • Prabal Roy Chowdhury, 1997. "Joint Product Development Between Domestic Firms: Some Policy Issues," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 32(2), pages 199-215, July.
    • Handle: RePEc:dse:indecr:v:32:y:1997:i:2:p:199-215
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    Cited by:

    1. Roy Chowdhury, Prabal & Roy Chowdhury, Indrani, 2001. "Joint venture instability: a life cycle approach," MPRA Paper 1556, University Library of Munich, Germany, revised Jan 2007.

    More about this item

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law

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