O'Sullivan, Paul
(2013)
Research Joint Ventures: A Barrier to Entry?
Working Paper.
UNSPECIFIED.
(Unpublished)
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)
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Keywords: |
Research Joint Ventures; |
Academic Unit: |
Faculty of Social Sciences > Economics, Finance and Accounting |
Item ID: |
4586 |
Depositing User: |
Ms Sandra Doherty
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Date Deposited: |
15 Nov 2013 15:58 |
URI: |
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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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