Do Research Joint Ventures Serve a Collusive Function ?

@inproceedings{Goeree2007DoRJ,
  title={Do Research Joint Ventures Serve a Collusive Function ?},
  author={Michelle S. Goeree and Eric Helland},
  year={2007}
}
Every year thousands of …rms are engaged in research joint ventures (RJV), where all knowledge gained through R&D is shared among members. Most of the empirical literature assumes members are non-cooperative in the product market. But many RJV members are rivals leaving open the possibility that …rms may form RJVs to facilitate collusion. We examine this by exploiting variation in RJV formation generated by a policy change that a¤ects the collusive bene…ts but not the research synergies… CONTINUE READING
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