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| Author: | Katsoulacos, Y. Ulph, D. |
| Title: | Endogenous spillovers and the performance of research joint ventures |
| Journal: | Journal of Industrial Economics
1998 : SEP, VOL. 46:3, p. 333-358 |
| Index terms: | RESEARCH JOINT BUSINESS VENTURES ECONOMICS |
| Language: | eng |
| Abstract: | The authors present a model of R&D with endogenous spillovers and demonstrate that noncooperation can produce maximal spillovers. The only other noncooperative outcome is minimal spillovers. When noncooperation achieves maximal spillovers so does an RJV, whereas minimal noncooperative spillovers imply partial -- but not necessarily maximal -- spillovers by an RJV. Partial RJV spillovers are chosen for anti-competitive reasons and an RJV may also close a lab for anti-competitive reasons. |
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