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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP13533 |
DP13533 Do Research Joint Ventures Serve a Collusive Function? | |
Michelle Sovinsky; Eric Helland | |
发表日期 | 2019-02-15 |
出版年 | 2019 |
语种 | 英语 |
摘要 | Every year thousands of firms are engaged in research joint ventures (RJV), where knowledge gained through R&D is shared among members. Many members are rivals leaving open the possibility that firms form RJVs to facilitate product collusion. We exploit variation in RJV formation generated by a policy change that affects the collusive benefits but not the research synergies of a RJV. Estimates from our RJV participation equation indicate participation is impacted by the policy change. The magnitude is significant with an average drop in the probability of joining of 30%. Our results are consistent with RJVs serving a collusive function. |
主题 | Industrial Organization |
URL | https://cepr.org/publications/dp13533 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542349 |
推荐引用方式 GB/T 7714 | Michelle Sovinsky,Eric Helland. DP13533 Do Research Joint Ventures Serve a Collusive Function?. 2019. |
条目包含的文件 | 条目无相关文件。 |
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