منابع مشابه
R & D joint ventures and tacit product market collusion
It is shown that R & D joint ventures make it more likely that firms will be able to sustain tacit product-market collusion, all else equal. JEL classification: LI3; 032
متن کاملJoint Ventures , Optimal Licensing , and R & D Subsidy Policy
We reconsider the justifications of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to pool R&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic benefits of R&D investment in the subsequent oligopoly game. Nevertheless, governments subsidize their domestic firms in order to rais...
متن کاملIs Europe a Laggard in Pharmaceuticals? R&D Joint Ventures, Patent Quality and R&D Productivity
This paper examines the idea that the USA has outshined Europe in the race for new medicines as a result of a flight of business R&D expenditure to the USA. It adopts a methodology that accounts for R&D price inflation, considers the role of both ‘performed’ R&D and ‘extra-mural’ R&D, and focuses on R&D productivity and patent quality as key indicators of innovation. The study provides three ne...
متن کاملSymmetric Research Joint Ventures
We introduce the concept of cooperative substitutes and complements, and use it to throw light on the conditions for a research joint venture to choose equal levels of R&D by all member firms. We show that the second-order conditions for a symmetric optimum take a particularly simple form, ruling out both excessive cooperative substitutability and excessive cooperative complementarity, and nest...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Intereconomics
سال: 1980
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02928584