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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 market. We show that a sufficient condition for...
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This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R …
Persistent link: https://www.econbiz.de/10013277082
This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R …
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