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Endogenous Formation of Competitive Research Sharing Joint Ventures

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  • Greenlee, P.
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    Abstract

    Research joint ventures may coordinate research investments or improve research sharing. When research joint venture partners only share R&D results, large consortia are more profitable than small ones, and joint ventures prefer their rivals dispersed. According to a coalition formation game, an oligopoly partitions itself asymmetrically into two or three coalitions for a wide range of parameter values.

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    Bibliographic Info

    Paper provided by U.S. Department of Justice - Antitrust Division in its series Papers with number 99-2.

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    Length: 43 pages
    Date of creation: 1999
    Date of revision:
    Handle: RePEc:fth:usjuat:99-2

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    Postal: U.S. DEPARTMENT OF JUSTICE; ANTITRUST DIVISION, JUDICIARY CENTER BUILDING 555 4TH ST. N.W. WASHINGTON D.C. 20001 U.S.A..
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    Web page: http://www.justice.gov/atr/
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    Related research

    Keywords: RESEARCH AND DEVELOPMENT ; JOINT VENTURES ; COMPETITION;

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    Cited by:
    1. Patrick Greenlee & Bruno Cassiman, 1999. "Product market objectives and the formation of research joint ventures," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(3), pages 115-130.

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