Femminis, Gianluca; Martini, Gianmaria - Dipartimenti e Istituti di Scienze Economiche, … - 2008
A wider RJV extension hastens process innovations at the cost of increasing collusion in the final market. In a Cournot … model, an extended RJV is welfare enhancing only when the Antitrust Authority is strong, so that the increase in distortion …