IDEAS home Printed from
   My bibliography  Save this paper

The complementarity of RJVs and R&D subsidies when absorptive capacity matters


  • von Graevenitz, Georg

    (University College London)


This paper introduces a model of coordination of research paths into the theory of Research Joint Ventures (RJVs). A comparison of RJVs and licensing by non-cooperative firms shows that the latter may be unable to co-ordinate on complementary research paths whereas RJVs are always able to do this. This happens when the acquisition of absorptive capacity is costly. It is shown that the policies of promoting RJVs and subsidizing R&D are complementary, whereas either policy by itself may reduce welfare. Finally it is shown that costly absorptive capacity gives rise to a welfare loss that is very difficult to address.

Suggested Citation

  • von Graevenitz, Georg, 2002. "The complementarity of RJVs and R&D subsidies when absorptive capacity matters," Royal Economic Society Annual Conference 2002 178, Royal Economic Society.
  • Handle: RePEc:ecj:ac2002:178

    Download full text from publisher

    File URL:
    File Function: full text
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecj:ac2002:178. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.