Coordination costs: a drawback for research joint ventures?

We analyze a simple oligopoly model where firms can engage in cost- reducing R&D. We compare two R&D regimes: R&D competition and R&D cooperation where firms can enter in a Research Joint Venture (RJV). We introduce coordination costs for the RJV and examine how these affect the equi...

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Bibliographic Details

Main Authors:	Rod Falvey, Joanna Poyago-Theotoky, Khemarat Teerasuwannajak
Format:	Default Preprint
Published:	2006
Subjects:	Other economics not elsewhere classified Research joint venture Coordination costs Equilibrium size Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/818
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