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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 (Unpublished)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 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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