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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.
SCIMA record nr: 126793
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