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Coordination costs and research joint ventures

Rodney Falvey (), Joanna Poyago-Theotoky and Khemarat Talerngsri Teerasuwannajak

Economic Modelling, 2013, vol. 33, issue C, 965-976

Abstract: We consider a simple oligopoly model where firms engage in cost-reducing R&D and compare two R&D regimes: R&D competition and R&D cooperation in the form of a research joint venture (RJV). We introduce coordination costs for the RJV and examine how these affect the equilibrium outcomes.

Keywords: Research joint venture (RJV); Process innovation; Coordination costs (search for similar items in EconPapers)
JEL-codes: O30 L13 D43 (search for similar items in EconPapers)
Date: 2013
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