Domestic and International Research Joint Ventures: The Effect of Collusion

Ricardo Flores-Fillol, Guiomar Ibañez-Zarate and Bernd Theilen ()

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: We analyze the effect of research joint ventures (RJVs) on consumer welfare in an international context when collusion can occur. The main novelty of our analysis is to study the differentiated effect of domestic and international RJVs. The recent literature shows that RJVs with collusion harm consumers. However, our results introduce a qualifi cation to this statement: international RJVs with collusion might be bene ficial for consumers when internationalization costs are high. The EU and US competition policy advises against RJVs that facilitate collusion on the grounds of their expected negative effects. Our results suggest that antitrust authorities should distinguish between domestic and international RJVs and, in certain cases, be more benevolent with international RJVs. Keywords: collusion; domestic research joint venture; international research joint venture JEL Classi fication Numbers: K21, L24, L44, O32

Keywords: Competència econòmica -- Dret i legislació; Aliança d'empreses; Innovacions tecnològiques -- Direcció i administració; Investigació industrial -- Direcció i administració; 33 - Economia (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-com
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http://hdl.handle.net/2072/211880

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Journal Article: Domestic and international research joint ventures: The effect of collusion (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:urv:wpaper:2072/211880

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