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Endogenous Spillovers and A Costly Research Joint Venture

Author

Listed:
  • Jeong-Eon Kim

    (Korea Institute of S&T Evaluation and Planning)

Abstract

We examine the policy implications of a research joint venture (RJV) while introducing endogenous spillovers and costly RJV. The research joint venture is costly in the sense that the firms incur two kinds of costs when they join in an RJV: RJV formation costs and spillover costs. We derive the condition under which firms do not have an incentive to form an RJV, and identify when firms within an RJV share information completely. Based on the results obtained in this paper we suggest the potential need for active government intervention with respect to RJV formation.

Suggested Citation

  • Jeong-Eon Kim, 2003. "Endogenous Spillovers and A Costly Research Joint Venture," Korean Economic Review, Korean Economic Association, vol. 19, pages 307-325.
    • Handle: RePEc:kea:keappr:ker-200312-19-2-06
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    More about this item

    Keywords

    Endogeneous spillovers; Research joint venture; Welfare implication;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D6 - Microeconomics - - Welfare Economics
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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