Journal article
Symmetric research joint ventures: cooperative substitutes and complements
- Abstract:
-
We introduce the concepts of cooperative substitutes and complements, and use them to explain when all firms in a research joint venture will choose equal levels of R&D.; We show that the second-order conditions for a symmetric optimum take a particularly simple form, ruling out both excessive cooperative substitutability and excessive cooperative complementarity, and nesting conditions already derived in the literature. Finally we apply our results to the comparison between cooperative a...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Bibliographic Details
- Publisher:
- Elsevier Publisher's website
- Journal:
- International Journal of Industrial Organization Journal website
- Volume:
- 23
- Issue:
- 5-6
- Pages:
- 381-397
- Publication date:
- 2005-06-01
- DOI:
- ISSN:
-
0167-7187
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:75077509-8667-4d30-9788-fe9764ca1c75
- Local pid:
- ora:2112
- Deposit date:
- 2008-06-19
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- Copyright holder:
- Elsevier
- Copyright date:
- 2005
- Notes:
- N. B. Professor Neary was based at University College Dublin and CEPR when this article was first published. The full-text of this article is not available in ORA at this time. Citation: Leahy, D. & Neary, J. P. (2005). 'Symmetric research joint ventures: cooperative substitutes and complements', International Journal of Industrial Organization, 23(5-6), 381-397. [Available at http://www.sciencedirect.com/science/journal/01677187].
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