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Antitrust Policy towards Co-operative R&D Ventures

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  • Geroski, P A

Abstract

This paper surveys the theoretical literature on R&D cartels and the empirical literature on problems of appropriability in order to evaluate the case for encouraging antitrust authorities to treat R&D cooperative ventures leniently. The case for R&D cooperative ventures trades potential gains from internalizing technological spillovers off against a possible reduction in output market competition, but the empirical evidence suggests that R&D spillovers can easily be exaggerated. This suggests that the design of antitrust policy towards R&D cooperative ventures is likely to be of major importance if they are to yield net social gains, and the paper concludes with a critical examination of the NCRA introduced in U.S. and Block Exemption introduced in Europe in the 1980s. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Geroski, P A, 1993. "Antitrust Policy towards Co-operative R&D Ventures," Oxford Review of Economic Policy, Oxford University Press, vol. 9(2), pages 58-71, Summer.
  • Handle: RePEc:oup:oxford:v:9:y:1993:i:2:p:58-71
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    Cited by:

    1. Cabral, Luis M. B., 2000. "R&D cooperation and product market competition," International Journal of Industrial Organization, Elsevier, vol. 18(7), pages 1033-1047, October.
    2. Cassiman, Bruno, 2000. "Research joint ventures and optimal R&D policy with asymmetric information," International Journal of Industrial Organization, Elsevier, vol. 18(2), pages 283-314, February.
    3. Reka Horvath, 2001. "Cooperative research and firm performance," IEHAS Discussion Papers 0108, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    4. Kaiser, Ulrich, 2002. "Measuring knowledge spillovers in manufacturing and services: an empirical assessment of alternative approaches," Research Policy, Elsevier, vol. 31(1), pages 125-144, January.
    5. Miyagiwa, Kaz & Ohno, Yuka, 2002. "Uncertainty, spillovers, and cooperative R&D," International Journal of Industrial Organization, Elsevier, vol. 20(6), pages 855-876, June.
    6. Changqi Wu & K.C. Wei, 1998. "Cooperative R&D and the Value of the Firm," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 13(4), pages 425-446, August.
    7. Jacek, Prokop & Adam, Karbowski, 2016. "Pozioma współpraca badawczo-rozwojowa a kartelizacja gałęzi
      [Horizontal R&D cooperation and market cartelization]
      ," MPRA Paper 73605, University Library of Munich, Germany.
    8. Lars Wiethaus, 2006. "Cooperation or competition in R&D when innovation and absorption are costly," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(6), pages 569-589.
    9. Bacchiega Emanuele & Lambertini Luca & Mantovani Andrea, 2010. "R&D-Hindering Collusion," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-15, July.
    10. Harabi, Najib, 1997. "Vertical Relations Between Firms and Innovation: An Empirical Investigation of German Firms," ZEW Discussion Papers 97-10, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    11. Tao, Zhigang & Wu, Changqi, 1997. "On the organization of cooperative research and development: Theory and evidence," International Journal of Industrial Organization, Elsevier, vol. 15(5), pages 573-596, August.
    12. Najib Harabi, 2002. "The Impact of Vertical R&D Cooperation on Firm Innovation: An Empirical Investigation," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(2), pages 93-108.
    13. Ivano D'Antonio, 2015. "Cooperazione e spesa in R&S: evidenze empiriche dalla Community Innovation Survey," STUDI ECONOMICI, FrancoAngeli Editore, vol. 2015(116), pages 90-110.
    14. Hinloopen, Jeroen, 2000. "Strategic R&D Co-operatives," Research in Economics, Elsevier, vol. 54(2), pages 153-185, June.
    15. Cevikarslan S., 2015. "Research joint ventures in an R&D driven market with evolving consumer preferences: An evolutionary multi-agent based modelling approach," MERIT Working Papers 007, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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