Purpose – The purpose of this paper is to build a theory of joint venture formation and instability based on synergy and monitoring. Design/methodology/approach – This problem is formulated as a dynamic game and solved using the notion of subgame perfect Nash equilibrium. Findings – It was...

Purpose This paper aims to examine whether integration of national markets fosters innovation in the technologically inferior country. Design/methodology/approach The authors examine a simple game theoretic framework where a technologically backward home firm and a technologically advanced...