Why Firms Form Research Joint Ventures: Theory and Evidence

The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product market complementarities and firm heterogeneity. We analyse a model of RJVs with asymmetric firms and differentiated products. We then test these various explanations for RJV formation using data now available through the US National Cooperative Research Act.

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Year of publication:	1997-05
Authors:	Röller, Lars-Hendrik ; Siebert, Ralph ; Tombak, Mihkel
Institutions:	C.E.P.R. Discussion Papers
Subject:	Joint Ventures \| Product Market Competition \| Research And Development

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1654
Classification:	L0 - Industrial Organization. General ; L6 - Industry Studies: Manufacturing ; O3 - Technological Change; Research and Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005662169