Year
2012
Volume
57
Number
1
Page
98
Language
English
Court
Reference
J. SELDESLACHTS e.a., “On the Stability of Research Joint Ventures: Implications for Collusion”, RBE 2012, nr. 1, 98-108
Recapitulation
Though there is a body of theoretical literature on research joint venture (RJV) participation facilitating collusion, empirical tests are rare. Even more so, there are few empirical tests on the general theme of collusion. This note tries to fill this gap by assuming a correspondence between the stability of research joint ventures and collusion. By using data from the US National Cooperation Research Act, we show that large RJVs in concentrated industries are more stable and hence more suspect to collusion.
