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Production extended research joint ventures and welfare

  • Gianluca Femminis

    ()

  • Gianmaria Martini

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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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
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Handle: RePEc:brh:wpaper:0809
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Web page: http://www.unibg.it/struttura/en_struttura.asp?cerca=en_dige_intro

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