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Author:Long, N. Van
Soubeyran, A.
Title:Asymmetric contributions to research joint ventures
Journal:Japanese Economic Review
1999 : JUN, VOL. 50:2, p. 122-137
Index terms:R&D
Companies
Models
Freeterms:Research joint ventures
Language:eng
Abstract:It is shown in the paper that ex-ante identical oligopolists may find it optimal to contribute asymmetrically to a research joint venture. The reason is found in the trade-off btw. the desire to increase the variance of the distribution of unit costs within the oligopoly and the incentive to efficiently carry out R&D activities by equalizing marginal R&D costs across firms.
SCIMA record nr: 199863
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