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Production extended research joint ventures and welfare

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Author Info

  • Gianluca Femminis

    ()

  • Gianmaria Martini

Abstract

A wider RJV extension hastens process innovations at the cost of increasing collusion in the .nal market. In a Cournot model, an extended RJV is welfare enhancing only when the Antitrust Authority is strong, so that the increase in distortion is limited, and when the size of the technical improvement is large, so that the introduction of the innovation is more valuable.

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File URL: http://hdl.handle.net/10446/405
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Bibliographic Info

Paper provided by Department of Economics and Technology Management, University of Bergamo in its series Working Papers with number 0809.

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Date of creation: 2008
Date of revision:
Handle: RePEc:brh:wpaper:0809

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Related research

Keywords: RJV; R&D; collusion;

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Cited by:
  1. Enrico Bellino, 2012. "Pasinetti on Ricardo," DISCE - Quaderni dell'Istituto di Teoria Economica e Metodi Quantitativi itemq1258, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  2. Stefano Colombo & Luigi Filippini, 2012. "Product innovation and logistic optimization in a novel urban-type model," DISCE - Quaderni dell'Istituto di Teoria Economica e Metodi Quantitativi itemq1259, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).

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