Coordination costs: a drawback for research joint ventures? by Rod Falvey, Joanna Poyago-Theotoky, Khemarat Teerasuwannajak

“…On the contrary, the non-RJV firms increase their R&D investments in response to the fall in the RJV firms' R&D.We show that the per- formance of the RJV in terms of R&D investment, profit and welfare in relation to R&D competition is sensitive to the level of coordination costs. …”
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