Battaggion, Maria R; Garella, Paolo G - In: Australian Economic Papers 40 (2001) 3, pp. 247-62
The present paper analyses different forms of organising a JV for the introduction of a new product. It is shown that under non contractible effort levels by the parent companies, a non cooperative solution, due to free-riding, is less desirable than one where firms cooperate not only at the R&D...