Inter-firm complementarities in R&D : a re-examination of the relative performance of joint ventures

Anbarci, Nejat, Lemke, Robert and Roy, Santanu 2002, Inter-firm complementarities in R&D : a re-examination of the relative performance of joint ventures, International journal of industrial organization, vol. 20, no. 2, pp. 191-213.

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Title Inter-firm complementarities in R&D : a re-examination of the relative performance of joint ventures
Author(s) Anbarci, Nejat
Lemke, Robert
Roy, Santanu
Journal name International journal of industrial organization
Volume number 20
Issue number 2
Start page 191
End page 213
Total pages 23
Publisher Elsevier
Place of publication Amsterdam, Netherlands
Publication date 2002-02
ISSN 0167-7187
Summary We compare duopoly outcomes between two alternative modes of research and development (R&D), viz. independent R&D and non-cooperative research joint ventures (RJVs), when there are complementarities between firm-specific R&D resources. When complementarity is high, RJVs lead to higher technological improvement and the reverse holds for low complementarity. In the intermediate range, the comparison depends on the relative imperfection in spillovers afflicting independent R&D. In sharp contrast to results on cooperative RJVs, non-cooperative RJVs lead to higher technological improvement when spillovers affecting independent R&D are low; the reverse holds for high spillovers. When RJVs yield higher technological improvement, they also yield higher industry profit and social welfare.
Language eng
Field of Research 150307 Innovation and Technology Management
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2002, Elsevier Science B.V.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024641

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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