Competition, Cooperation, Research and Development : The Economics of Research Joint Ventures

Innovation is a major contributory factor to economic growth. How can it be encouraged? One solution favoured especially in highly-competitive high-tech industries is cooperation in research and development. The theoretical issues raised by these joint ventures are examined in these essays which cover all aspects for growth, technology, competition and welfare. Contributions from the UK, Europe, North America and Asia ensure a broad international approach. There is an indepth study of European technology policy. Front Matter....Pages i-x Introduction....Pages 1-12 Technology Policy: A Selective Review with Emphasis on European Policy and the Role of RJVs....Pages 13-38 Research Joint Venture Cartels and Welfare....Pages 39-56 Imitative Competition and Public Policy....Pages 57-71 Market Integration and the Benefits of National versus International R&D Cooperation....Pages 72-96 R&D Cooperation between Asymmetric Partners....Pages 97-125 Greater Cost Dispersion Improves Oligopoly Profit: Asymmetric Contributions to Joint Ventures....Pages 126-137 Commitment and Efficiency in Research Joint Ventures....Pages 138-158 Dynamic Cooperation in R&D....Pages 159-191 Back Matter....Pages 193-201 "Innovation is a major contributory factor to economic growth. How can it be encouraged? A solution that has received considerable support in recent years concerns the encouragement of cooperative R&D, especially among firms competing in high-technology industries. This volume brings together recent contributions from a distinguished group of scholars from the UK, Europe, North America and Asia who examine a range of hitherto neglected issues, with the emphasis placed on the theoretical analysis of R&D cooperation."--BOOK JACKET "Innovation is a major contributory factor to economic growth. How can it be encouraged? A solution that has received considerable support in recent years concerns the encouragement of cooperative R & D, especially among firms competing in high-technology industries. This volume brings together recent contributions from a distinguished group of scholars from the UK, Europe, North America and Asia who examine a range of hitherto neglected issues, with the emphasis placed on the theoretical analysis of R & D cooperation."--Jacket Innovation is a major contributory factor to economic growth. How can it be encouraged? A solution that has received considerable support in recent years concerns the encouragement of cooperative R&D, especially among firms competing in high-technology industries. This volume brings together recent contributions from a distinguished group of scholars from the UK, Europe, North America and Asia who examine a range of hitherto neglected issues, with the emphasis placed on the theoretical analysis of R&D cooperation.