Do research joint ventures serve a collusive function?

Sovinsky, Michelle ; Helland, Eric

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Document Type: Working paper
Year of publication: 2012
The title of a journal, publication series: Working Paper / Institute for Empirical Research in Economics
Volume: 448
Place of publication: Zürich
Publishing house: Institute for Empirical Research in Economics
ISSN: 1424-0459
Publication language: English
Institution: School of Law and Economics > VWL, Industrieökonomik, Angewandte Gesundheitsökonomik (Sovinsky 2015-)
Subject: 330 Economics
Classification: JEL: L24 , L44,
Abstract: Every year thousands of Örms are engaged in research joint ventures (RJV), where all knowl-edge gained through R&D is shared among members. Most of the empirical literature as-sumes members are non-cooperative in the product market. But many RJV members arerivals leaving open the possibility that Örms may form RJVs to facilitate collusion. Weexploit variation in RJV formation generated by a policy change that a§ects the collusivebeneÖts but not the research synergies associated with an RJV. We estimate an RJV partic-ipation equation and Önd the decision to join is impacted by the policy change. Our resultsare consistent with research joint ventures serving a collusive function
Additional information: Auch veröff. als: Robert Day School Working Paper ; 2009-12

Dieser Eintrag ist Teil der Universitätsbibliographie.

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