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    Research Joint Ventures: A Barrier to Entry?


    O'Sullivan, Paul (2013) Research Joint Ventures: A Barrier to Entry? Working Paper. UNSPECIFIED. (Unpublished)

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    Abstract

    This paper examines a one-shot game where two symmetric incumbents are faced with possible entry into an industry, where firms may differ in the efficiency of R&D in reducing marginal production costs. The decision facing the incumbents is whether to compete at the R&D stage or to form a RJV. R&D competition may imply that remaining in the market is not viable for the incumbents and the entrant is a monopolist. Conversely, RJV formation may make entry unprofitable and, possibly, increase welfare. The effect on welfare will depend on whether output is exported in its entirety or consumed domestically.

    Item Type: Monograph (Working Paper)
    Keywords: Research Joint Ventures;
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 4586
    Depositing User: Ms Sandra Doherty
    Date Deposited: 15 Nov 2013 15:58
    URI:

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