Author: | Kamien, M. Zang, I. |
Title: | Competing research joint ventures |
Journal: | Journal of Economics & Management Strategy
1993 : SPRING, VOL. 2:1, p. 23-40 |
Index terms: | MANAGEMENT STRATEGY JOINT BUSINESS VENTURES |
Language: | eng |
Abstract: | Research and development (R&D) competition among firms has recently been extended to R&D competition involving research joint ventures. It was previously shown that in an industry conducting cost-reducing R&D followed by competition in the product market, if all firms both fully share R&D information and coordinate investments to maximize joint profits, final products prices are lower and firms' profits are higher than with information sharing alone. |
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