In this paper, we present several insights regarding the influence of institutional design on the process of Research Joint Venture (RJV) formation. Our results are obtained with a firm-level dataset on RJVs formed under the umbrella of the Eureka initiative and of the European Union's Framework...

Four main conclusions stand out from the analysis. First, we conclude that the motivations behind foreign direct investment (FDI) raise issues of principle for competition policy but are too general to warrant attention. Second, we find that the pattern of investment across industries in the EC...