We reconsider the justifications of R&D subsidies by Spencer and Brander (1983) and others by allowing firms to pool R&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates the strategic benefits of R&D investment in the...

The objective of the present study is to analyse the effect of technological cooperation on SMEs performance consideringtwo dimensions: technological and economic results. For that purpose, we use a data set containing information about participants in research joint ventures supported by the...

We study research joint ventures (RJV) given that knowledge spillovers dependpositively on the technological proximity between firms. Possible scenarios differin the intensity of collaboration, i.e., the (non)coordination of research activities,and the extent of knowledge exchange. The...

This paper combines the analysis of the R&D cooperation with the strategic trade policy theory. By introducing endogenous formation of research joint venture, we investigate when the research joint venture works as a tool of strategic trade policy, and provide its welfare implications. If R&D...