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Author:Yin, X.
Title:Asymmetric research joint ventures and market concentration
Journal:Japanese Economic Review
1999 : SEP, VOL. 50:3, p. 309-320
Index terms:ECONOMICS
JOINT BUSINESS VENTURES
JAPAN
Language:eng
Abstract:This paper studies two asymmetric R&D cooperation structures. In the first structure some firms in an industry organize a research joint venture (RJV) cartel while the remainder engage in independent R&D. In the other structure, each firm joins one of a number of competing RJV cartels. The findings indicate that cooperative R&D may lead to a more concentrated post- innovation industry than standard R&D competition owing to the technology advantage of a large cartel obtained from R&D cooperation.
SCIMA record nr: 207585
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