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Endogenous Formation of Competitive Research Sharing Joint Ventures

Author

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  • Greenlee, P.

Abstract

Research joint ventures may coordinate research investments or improve research sharing. When research joint venture partners only share R&D results, large consortia are more profitable than small ones, and joint ventures prefer their rivals dispersed. According to a coalition formation game, an oligopoly partitions itself asymmetrically into two or three coalitions for a wide range of parameter values.

Suggested Citation

  • Greenlee, P., 1999. "Endogenous Formation of Competitive Research Sharing Joint Ventures," Papers 99-2, U.S. Department of Justice - Antitrust Division.
    • Handle: RePEc:fth:usjuat:99-2
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    Cited by:

    1. Patrick Greenlee, 2005. "Endogenous Formation Of Competitive Research Sharing Joint Ventures," Journal of Industrial Economics, Wiley Blackwell, vol. 53(3), pages 355-391, September.
    2. Patrick Greenlee & Bruno Cassiman, 1999. "Product market objectives and the formation of research joint ventures," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 20(3), pages 115-130.

    More about this item

    Keywords

    RESEARCH AND DEVELOPMENT ; JOINT VENTURES ; COMPETITION;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L40 - Industrial Organization - - Antitrust Issues and Policies - - - General

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