Research Joint Ventures with the Limitation of Technology Transferability

Xiangkang Yin and Ehud Zuscovitch
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Ehud Zuscovitch: School of Economics, La Trobe University

No 1997.20, Working Papers from School of Economics, La Trobe University

Abstract: Following our previous study that established the concept of limited technology transferability, this paper analyses the equilibrium outcomes of two forms of research joint ventures (RJVs). The marginal analysis shows that market equilibria of perfect and imperfect RJVs result in a socially optimal R&D investment structure but an insufficient R&D investment level.

Keywords: Technology; Research and Development (search for similar items in EconPapers)
Pages: 21 pages
Date: 1997
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