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Collusion through Joint R&D: An Empirical Assessment

This paper tests whether upstream R&D cooperation leads to downstream collusion. We show that a sufficient condition for identifying collusive behavior is a decline in the market share of RJV-participating firms. Using information from the U.S. National Cooperation Research Act, we estimate a market share equation correcting for the endogeneity of RJV participation and R&D expenditures. We find robust ...

In: The Review of Economics and Statistics 96 (2014), 2, S. 349-370 | Tomaso Duso, Lars-Hendrik Röller, Jo Seldeslachts
741 Ergebnisse, ab 741