The paper proposes a new type of R&D cooperation between firms endowed with asymmetric spillovers, which we call symmetric Research Joint Venture (RJV) cartelization, based on reciprocity in information exchange. In this setting, firms coordinate their R&D expenditures and also share...

In this essay I discuss the role of cooperation in the process of innovation. I argue for a reorientation of the way we conceptualize economic behavior, taking account of the centrality of cooperation as a driving force of economic dynamism. I also seek to distinguish between different forms of...

This article examines the relationship between cost reduction and public goods effect of research joint ventures (RJVs) and strategic entry deterrence. R&D is process innovation à laKamien, Muller and Zang (1992) and R&D cost sharing between the incumbent and the entrant in a RJV can be...

This paper argues that the sign of external effects of coalition formation provides a useful organizing principle in examining economic coalitions. In many interesting economic games, coalition formation creates either negativee externalities or positive externalities for nonmembers. Examples of...