R&D Spillovers throught RJV Cooperation

19 Pages Posted: 19 Aug 2020

See all articles by Albert Banal-Estañol

Albert Banal-Estañol

affiliation not provided to SSRN

Tomaso Duso

German Institute for Economic Research (DIW Berlin); TU Berlin- Faculty of Economics and Management - Empirical Industrial Organization; Centre for Economic Policy Research (CEPR)

Jo Seldeslachts

KU Leuven - Faculty of Business and Economics (FEB); German Institute for Economic Research (DIW Berlin)

Florian Szücs

affiliation not provided to SSRN

Date Written: August 2020

Abstract

We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and extend it to account for RJVs. Our main findings are that the adverse effects of product market rivalry are mitigated if firms cooperate in RJVs and that R&D spending is reduced among technologically close RJV participants.

Keywords: Spillovers, R&D, research joint ventures, market value, patents

JEL Classification: L24,L44,K21,O32

Suggested Citation

Banal-Estañol, Albert and Duso, Tomaso and Seldeslachts, Jo and Szücs, Florian, R&D Spillovers throught RJV Cooperation (August 2020). DIW Berlin Discussion Paper No. 1887, Available at SSRN: https://ssrn.com/abstract=3676893 or http://dx.doi.org/10.2139/ssrn.3676893

Albert Banal-Estañol

affiliation not provided to SSRN

No Address Available

Tomaso Duso (Contact Author)

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany

TU Berlin- Faculty of Economics and Management - Empirical Industrial Organization ( email )

Berlin, 10585
Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Jo Seldeslachts

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany

Florian Szücs

affiliation not provided to SSRN

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