JOINT PRODUCT DEVELOPMENT: SOME DYNAMIC ISSUES

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概要

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• We examine the impact of an increase in technological asymmetry on the success of joint product development ventures, with a view to exploring the free-riding problems inherent in cooperative RD. In a static model we find that if technological diversity increases then the chances that a joint venture forms at all is reduced. Given that a joint venture forms however, an increase in technological diversity increases the probability of success. We then examine how the results extend to a dynamic context. In a two period model the earlier sufficient conditions no longer ensure that the effort stream increases as the firms become more technologically diverse. In the infinite horizon game we find that for linear cost and return functions all the earlier results still hold qualitatively. Moreover, the above results are independent of the nature of the sharing rule and are therefore consistent with any endogenous sharing rule.

• 慶應義塾大学の論文

著者

• Chaudhuri Prabal

  Jawaharlal Nehru University : Hong Kong University Of Science And Technology

• Chaudhuri Prabal

  Jawaharlal Nehru University

関連論文

• JOINT PRODUCT DEVELOPMENT: SOME DYNAMIC ISSUES
• THE OUTSIDE OPTION, BARGAINING SKILL AND THE NASH BARGAINING SOLUTION
• LEARNING, LIBERALISATION AND JOINT VENTURES

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