Cooperation In R&D With Spillovers And Delegation Of Sales

Rafael Moner-Colonques and José Sempere-Monerris

Economics of Innovation and New Technology, 2000, vol. 9, issue 5, 401-420

Abstract: Cooperation in several phases of the innovation process is viewed by antitrust authorities with suspicion. They face the dilemma between providing the right incentives for the appro-priability of returns to R&D and the risks of diminishing product market competition. The current legislation in the European Union and the United States gives special treatment to cooperation in R&D and the joint exploitation of results (extended cooperation). We study several collusive regimes for a class of examples in which vertical relations are explicitly introduced. Regarding antitrust policy implications we fmd that: a) there is an ana-lytical justification to a 'rule of reason' treatment for extended cooperation in research joint ventures and, b) individual exemptions, though restrictive of competition, might be welfare improving.

Keywords: R&D joint ventures, vertical relations, antitrust J.E.L Classification L49; 031, (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (3)

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DOI: 10.1080/10438590000000016

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