Joint Product Development Between Domestic Firms: Some Policy Issues

We examine some policy issues pertaining to joint product development between domestic firms. We show that under a joint venture the probability of success is lower compared to that under competitive R&D. Moreover, the social surplus may also be lower under cooperative product development. These results seriously question the wisdom of providing special treatment to technology oriented joint ventures.

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Year of publication:	1997
Authors:	Chowdhury, Prabal Roy
Published in:	Indian Economic Review. - Department of Economics. - Vol. 32.1997, July, 2, p. 199-215
Publisher:	Department of Economics

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Type of publication:	Article
Classification:	O32 - Management of Technological Innovation and R&D ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; K21 - Antitrust Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005587959