Joint Product Development Between Domestic Firms: Some Policy Issues

Prabal Roy Chowdhury ()

Indian Economic Review, 1997, vol. 32, issue 2, 199-215

Abstract: We examine some policy issues pertaining to joint product development between domestic firms. We show that under a joint venture the probability of success is lower compared to that under competitive R&D. Moreover, the social surplus may also be lower under cooperative product development. These results seriously question the wisdom of providing special treatment to technology oriented joint ventures.

JEL-codes: K21 O32 O33 (search for similar items in EconPapers)
Date: 1997
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