Research Joint Venture and Market Concentration

Xiangkang Yin

No 1996.11, Working Papers from School of Economics, La Trobe University

Abstract: This paper considers the situation where some firms in an industry collude together as an RJV cartel to compete with other firms who individually engage in R&D. The analysis shows that this partial RJV cartelisation may increase market concentration. In comparison with pure R&D competition, where all firms undertake R&D independently, partial RJV cartelisation yields more effective R&D investment, higher profit and social welfare but sometimes it leads to fewer consumer benefits.

Keywords: Market Structure; Oligopolies; Research and Development (search for similar items in EconPapers)
Pages: 11 pages
Date: 1996
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