Falvey, Rod; Poyago-Theotoky, Joanna; Teerasuwannajak, … - School of Business and Economics, Loughborough University - 2006
&D competition and R&D cooperation where firms can enter in a Research Joint Venture (RJV). We introduce coordination costs for the … optimal size of the RJV. For a given size of the RJV, its members decrease their own R&D as the anticipated coordination costs … welfare in relation to R&D competition is sensitive to the level of coordination costs. Furthermore, we show that, although …