Research joint ventures and technological proximity
Aranja Müller and
Alexandra Zaby ()
Research Policy, 2019, vol. 48, issue 5, 1187-1200
We study research joint ventures (RJV) in a setting where knowledge spillovers increase with the technological proximity between firms. The scenarios we investigate differ in the intensity of collaboration which depends on the (non)coordination of research activities and the extent of exchanged knowledge. Firms can form bilateral RJVs what leads to the existence of insiders (collaborating firms) as well as outsiders (non-collaborating firms) in an oligopolistic market. Our central findings are (i) RJVs do not generally outperform competitive research with respect to innovative output and social welfare; (ii) technological proximity and the intensity of collaboration play a decisive role for the private and social benefits of a RJV; (iii) joint research combined with complete knowledge sharing does not generally outperform less intensive collaboration forms.
Keywords: Research joint venture; Knowledge spillover; Technological proximity; Circular city (search for similar items in EconPapers)
JEL-codes: D43 L13 O31 O38 (search for similar items in EconPapers)
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Working Paper: Research Joint Ventures and Technological Proximity (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:48:y:2019:i:5:p:1187-1200
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