This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting … where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product …

RJV members are rivals leaving open the possibility that firms may form RJVs to facilitate collusion. We exploit variation …

Though there is a body of theoretical literature on research joint ventures (RJV) participation facilitating collusion …, empirical tests are rare. Even more so, there are few empirical tests on the general theme of collusion. This note tries to fill … this gap by assuming a correspondence between the stability of research joint ventures and collusion. By using data from …

Though there is a body of theoretical literature on research joint venture (RJV) participation facilitating collusion …, empirical tests are rare. Even more so, there are few empirical tests on the general theme of collusion. This note tries to fill … this gap by assuming a correspondence between the stability of research joint ventures and collusion. By using data from …

; Collusion ; Entry deterrence …