On the Stability of Research Joint Ventures: Implications for Collusion
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.
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Volume (Year): 57 (2012)
Issue (Month): 1 (March)
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References listed on IDEAS
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- Vonortas, Nicholas S., 1997. "Research joint ventures in the US," Research Policy, Elsevier, vol. 26(4-5), pages 577-595, December.
- Duso, Tomaso & Pennings, Enrico & Seldeslachts, Jo, 2007.
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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.
- Tomaso Duso & Enrico Pennings & Jo Seldeslachts, 2008. "The Dynamics of Research Joint Ventures: A Panel Data Analysis," CIG Working Papers SP II 2007-12, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
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- 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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- B. Douglas Bernheim & Michael D. Whinston, 1990. "Multimarket Contact and Collusive Behavior," RAND Journal of Economics, The RAND Corporation, vol. 21(1), pages 1-26, Spring.
- Thomas W. Ross, 2009. "Sustaining Cooperation with Joint Ventures," Journal of Law, Economics and Organization, Oxford University Press, vol. 25(1), pages 31-54, May. Full references (including those not matched with items on IDEAS)
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