Production extended research joint ventures and welfare

A wider RJV extension hastens process innovations at the cost of increasing collusion in the .nal market. In a Cournot model, an extended RJV is welfare enhancing only when the Antitrust Authority is strong, so that the increase in distortion is limited, and when the size of the technical improvement is large, so that the introduction of the innovation is more valuable.

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Year of publication:	2008
Authors:	Femminis, Gianluca ; Martini, Gianmaria
Institutions:	Dipartimento di Ingegneria Gestionale, Università degli Studi di Bergamo
Subject:	RJV \| R&D \| collusion

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0809
Classification:	L13 - Oligopoly and Other Imperfect Markets ; L41 - Monopolization; Horizontal Anticompetitive Practices ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008852180