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On the Stability of Research Joint Ventures: Implications for Collusion

Author

Listed:
  • J. Seldeslachts
  • T. Duso
  • E. Pennings

Abstract

Though there is a body of theoretical literature on research joint venture (RJV) participation facilitating collusion, empirical tests are rare. Even more so, there are few empirical tests on the general theme of collusion. This note tries to fill this gap by assuming a correspondence between the stability of research joint ventures and collusion. By using data from the US National Cooperation Research Act, we show that large RJVs in concentrated industries are more stable and hence more suspect to collusion.

Suggested Citation

  • J. Seldeslachts & T. Duso & E. Pennings, 2012. "On the Stability of Research Joint Ventures: Implications for Collusion," Review of Business and Economic Literature, Intersentia, vol. 57(1), pages 98-109, March.
    • Handle: RePEc:sen:rebelj:v:57:i:1:y:2012:p:98-109
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    References listed on IDEAS

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    1. Vonortas, Nicholas S., 1997. "Research joint ventures in the US," Research Policy, Elsevier, vol. 26(4-5), pages 577-595, December.
    2. 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.
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    8. Deepak K. Sinha & Michael A. Cusumano, 1991. "Complementary Resources and Cooperative Research: A Model of Research Joint Ventures Among Competitors," Management Science, INFORMS, vol. 37(9), pages 1091-1106, September.
    9. Duso, Tomaso & Pennings, Enrico & Seldeslachts, Jo, 2007. "The Dynamics of Research Joint Ventures: A Panel Data Analysis," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 221, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    10. Martin, Stephen, 1996. "R & D joint ventures and tacit product market collusion," European Journal of Political Economy, Elsevier, vol. 11(4), pages 733-741, April.
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    Cited by:

    1. Banal-Estañol, Albert & Duso, Tomaso & Seldeslachts, Jo & Szücs, Florian, 2022. "R&D spillovers through RJV cooperation," Research Policy, Elsevier, vol. 51(4).

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    More about this item

    JEL classification:

    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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