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 (Unpublished)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) |
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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 |
Date Deposited: | 15 Nov 2013 15:58 |
URI: | https://mural.maynoothuniversity.ie/id/eprint/4586 |
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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