We investigate the short- and long-term effects of different types of R&D collaborations on firms, consumers, and the industry. To that end, we consider a differentiated-product market in which firms compete a la Bertrand and invest in process innovation in order to lower the production cost...

A careful analysis of the jurisprudence discloses no principled common law foundation for characterizing the joint venture as a distinct legal form. Might it nevertheless be desirable to legislate the joint venture into legal existence? The Alberta Law Reform Institute has made that...