A Learning-Based Theory of Joint Venture Life-Cycles

Prabal Roy Chowdhury () and Indrani Roy Chowdhury
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Indrani Roy Chowdhury: Jawaharlal Nehru University

Group Decision and Negotiation, 2000, vol. 9, issue 6, No 1, 457-470

Abstract: Abstract We provide a two period, learning-based model of joint venture formation and breakdown. We show that depending on parameter values different dynamic patterns emerge. If the rate of learning is low, then a joint venture forms in both the periods. If the rate of learning is large, then the outcome may either involve joint venture breakdown, or delayed joint venture formation.

Keywords: joint ventures; learning; multinationals; synergy (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1023/A:1008726920290

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