Arbeitspapier

Collusion through Joint R&D: An Empirical Assessment

This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for identifying collusive behavior is a decline in the market share of RJV-participating firms, which is also necessary and sufficient for a decrease in consumer welfare. Using information from the US National Cooperation Research Act, we estimate a market share equation correcting for the endogeneity of RJV participation and R&D expenditures. We find robust evidence that large networks between direct competitors - created through firms being members in several RJVs at the same time - are conducive to collusive outcomes in the product market which reduce consumer welfare. By contrast, RJVs among non-competitors are efficiency enhancing.

Sprache
Englisch

Erschienen in
Series: SFB/TR 15 Discussion Paper ; No. 343

Klassifikation
Wirtschaft
Antitrust Law
Contracting Out; Joint Ventures; Technology Licensing
Antitrust Policy and Public Enterprises, Nonprofit Institutions, and Professional Organizations
Firm Behavior: Empirical Analysis
Management of Technological Innovation and R&D
Thema
Research Joint Ventures
Innovation
Collusion
NCRA
Forschungskooperation
Innovation
Marktanteil
Kartell
USA

Ereignis
Geistige Schöpfung
(wer)
Duso, Tomaso
Röller, Lars-Hendrik
Seldeslachts, Jo
Ereignis
Veröffentlichung
(wer)
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
(wo)
München
(wann)
2010

DOI
doi:10.5282/ubm/epub.13211
Handle
URN
urn:nbn:de:bvb:19-epub-13211-1
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Duso, Tomaso
  • Röller, Lars-Hendrik
  • Seldeslachts, Jo
  • Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)

Entstanden

  • 2010

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