, the total
net bene t from the cooperation is
JV (a1;a2;") a1 a2 0
where JV (a1;a2;") is the Joint Venture pro t, ai > 0 … Research Joint Ventures.
13Think for example to the typical Research Joint Venture where a large pharmaceutical
rm funds a …=2. On the other hand, in the
asymetric case we cannot calculate s C without specifying the expected Joint
Venture pro t …