Horizontal agreements and R&D complementarities: merger versus RJV

We study the decision of two firms within an oligopoly concerning whether to enter into a horizontal agreement to exploit complementarities between their R&D activities and if so, whether to merge or form a research joint venture (RJV). In contrast to horizontal merger and motivated by real-worl...

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Bibliographic Details
Main Authors: Ben Ferrett, Joanna Poyago-Theotoky
Format: Default Article
Published: 2016
Subjects:
Other economics not elsewhere classified
Horizontal merger
Research Joint Venture (RJV)
Contract enforceability
Process R&D
R&D complementarity
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/21781
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