Coordination costs and research joint ventures
Rodney Falvey (),
Joanna Poyago-Theotoky and
Khemarat Talerngsri Teerasuwannajak
Economic Modelling, 2013, vol. 33, issue C, 965-976
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)
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