Market Power and Incentives to Form Research Consortia

@article{Catilina2006MarketPA,
  title={Market Power and Incentives to Form Research Consortia},
  author={Eliane Catilina and Robert M. Feinberg},
  journal={Review of Industrial Organization},
  year={2006},
  volume={28},
  pages={129-144}
}
It is well known that instability is a limit to the formation of cartels, and that some synergies are required to give cartel members an advantage over outsiders. In this paper, we explore theoretically the linkage between cost-reduction alliances (like research joint ventures) and the formation of cartels. The former have negative external impacts on outsiders, while the latter have positive external effects on outside (independent) competitors. We find that when the decisions to join both are… Expand
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