Endogenous Spillovers and A Costly Research Joint Venture

Jeong-Eon Kim
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Jeong-Eon Kim: Korea Institute of S&T Evaluation and Planning

Korean Economic Review, 2003, vol. 19, 307-325

Abstract: We examine the policy implications of a research joint venture (RJV) while introducing endogenous spillovers and costly RJV. The research joint venture is costly in the sense that the firms incur two kinds of costs when they join in an RJV: RJV formation costs and spillover costs. We derive the condition under which firms do not have an incentive to form an RJV, and identify when firms within an RJV share information completely. Based on the results obtained in this paper we suggest the potential need for active government intervention with respect to RJV formation.

Keywords: Endogeneous spillovers; Research joint venture; Welfare implication (search for similar items in EconPapers)
JEL-codes: C7 D6 L1 (search for similar items in EconPapers)
Date: 2003
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