On The Stability of Research Joint Ventures: Implications for Collusion

Tomaso Duso, Enrico Pennings and Jo Seldeslachts

CIG Working Papers from Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG)

Abstract: Though there is a body of theoretical literature on research joint venture (RJV) participation facilitating collusion, empirical tests are rare. Even more so, there are few empirical tests on the general theme of collusion. This note tries to fill this gap by assuming a correspondence between the stability of research joint ventures and collusion. By using data from the U.S. National Cooperation Research Act, we show that large RJVs in concentrated industries are more stable and hence more suspect to collusion. ZUSAMMENFASSUNG - Trotz einer Vielzahl von theoretischen Studien, die zeigen, dass Kollusion durch Forschungsallianzen erleichtert werden kann, fehlen empirische Arbeiten, die diesen Zusammenhang bestätigen. Noch erstaunlicher ist die allgemein geringe Anzahl von empirischen Untersuchungen auf dem Forschungsgebiet der Kollusion. Dieser Aufsatz versucht diese Lücke zu schließen wobei unterstellt wird, dass ein Zusammenhang zwischen der Stabilität von Joint-Ventures und der Entstehung von Kollusionen besteht. Anhand von Daten des U.S. National Cooperation Research Act zeigen wir, dass große Forschungsallianzen in stark konzentrierten Branchen stabiler und daher eher der Absprache verdächtig sind.

Keywords: Research Joint Ventures; Product Market Collusion; Empirical Test (search for similar items in EconPapers)
JEL-codes: L24 L44 L52 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2008-04
New Economics Papers: this item is included in nep-com and nep-ino
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Related works:
Journal Article: On the Stability of Research Joint Ventures: Implications for Collusion (2012)
Working Paper: On the Stability of Research Joint Ventures: Implications for Collusion (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:wzb:wzebiv:spii2008-15

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